<h4 style="display:none;" Still no knockout punch —

AMD, which lost over $2.8B in 5 years, takes a hit after new report

Morgan Stanley: demand for graphics chips, video game consoles will slow in 2018.

放大 / Texas Governor Greg Abbott (center) tests the Oculus virtual reality device at Advanced Micro Devices (AMD) in Austin as AMD CEO Lisa T. Su (r) watches following an Abbott bill signing that reduced Texas’ franchise tax by 25 percent in June 2015.
Robert Daemmrich Photography Inc/Corbis via Getty Images)

On Monday, AMD’s stock price plunged nearly 9 percent after a report by Morgan Stanley, a major investment bank, which found that “microprocessor momentum” has slowed.

根据 CNBC, a new report by analyst Joseph Moore found that “cryptocurrency mining driven sales for AMD’s graphics chips will decline by 50 percent next year or a $250 million decline in revenue. He also forecasts video game console demand will decline by 5.5 percent in 2018.”

Once a veritable competitor to Intel, AMD has struggled in recent years, although it has had some modest success’—as measured by a rise in its stock price—in 2016 and 2017.

As per AMD’s own SEC filings, the company lost over $2.8 billion from 2012 through 2016.

However, new releases from AMD suggest that it may be on something of a resurgent track. As Ars 报道 last month, AMD’s RyzenThreadripper processors re-established AMD’s chips as competitive with Intel’s.

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