AMD Rally Needs More Than Console Wins to Outrun PC Market: Tech
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Advanced Micro Devices Inc. was the Standard & Poor’s 500 Index’s best-performing stock in the past month after winning orders in video-game consoles. To keep that streak going, AMD must prove it’s got more going than games.
The stock had surged 83 percent since April 15, through yesterday, sparked by Sony Corp.’s decision to use AMD chips in the next version of its PlayStation machine and a Bloomberg News report that the semiconductor maker will provide the guts of an updated Microsoft Corp. Xbox to be unveiled May 21. The shares dropped 13 percent today.