Advanced Micro Devices Inc. Co (AMD) is a US based semiconductor company which manufactures processors and related technologies. The main products of the company include microprocessors, graphics processors, motherboard chipsets, embedded processors, and embedded systems applications.
The company’s stock price has increased from $2.53 to $3.9 soaring by 54% year to date (YTD). The stock price of the company rose after the Sony Corporation (NYSE: SNE) and Microsoft Corporation (NASDAQ: MSFT) decisions to use AMD chips in its new consoles PS4 and Xbox 1 respectively.
AMD is very popular in gaming community and in the console market its graphics processing units (GPUs) are performing well compared to the GPUs of its major competitor Nvidia Corporation (NASDAQ: NVDA). Traditionally, AMD has been in the business of manufacturing X86 processors for PCs and servers but after the acquisition of ATI in 2006, the company entered into the business of GPUs. Sony, Microsoft and Nintendo are the major players in the console market and all of them are using AMD chips. Microsoft is using customized version of AMD Jaguar brand in Xbox 1 and Sony is using another customized version of Jaguar in PS4. Read more