Advanced Micro Devices Inc's first-quarter revenue estimate came in largely...
) first-quarter revenue estimate came in largely below analysts’ estimates due to waning demand from gaming console makers, even as its data center and PC chips business tracked a recovery in the chip industry.
FILE PHOTO: Lisa Su, president and CEO of AMD, gives a keynote address during the 2019 CES in Las Vegas, Nevada, U.S., January 9, 2019. REUTERS/Steve Marcus Shares of the company fell 4% in extended trading on Tuesday. The stock has surged over 150% in the last 12 months, making it the top gainer on both the S&P 500 IndexThe console business has been under pressure as inventory is drawn down ahead of Microsoft Corp (
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