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AMD loves its consoles — but made too many old CPUs and GPUs.
AMD’s Q2 2023 earnings shows the company’s doing worse in PCs than industry slump would suggest — while Intel’s PC chips were down 12 percent, AMD’s client CPUs are down 54 percent. But AMD says its new Ryzen 7000 CPUs are actually up 35 percent sequentially — a glut of older chips is likely to blame.
Gaming rev was only down 4 percent because semi-custom (read: game consoles) actually grew — but gaming graphics (read: GPUs) are down. Overall, the company’s back to a slim profit of $27 million in Q2.
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