AMD, Which Lost Over $2.8 Billion In 5 Years, Takes a Hit After New Report

An anonymous reader quotes a report from Ars Technica: 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. According to 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.” 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 reported last month, AMD’s Ryzen and Threadripper processors re-established AMD’s chips as competitive with Intel’s.

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