AMD Is Powering the New Steam Machine. Will It Move the Needle for AMD Stock?

Artificial Intelligence (AI) has dominated the news so much that we almost forget how the gaming industry influenced major chipmakers like Nvidia (NVDA) and Advanced Micro Devices (AMD). The GPUs that are propelling the AI industry to new heights were first developed to render graphics for video games and 3D applications! While the focus has recently changed for the chipmakers, the gaming industry still depends on them. At one point in 2023, the gaming segment brought in over a quarter of AMD’s revenue. B ...