AMD, which lost over $2.8B in 5 years, takes a hit after new report
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."
Once a veritable competitor to Intel, AMD has struggled in recent years, although it has had some modest successes—as measured by a rise in its stock price—in 2016 and 2017....MORE