AMD, a leading technology company, has recently faced challenges in the gaming sector according to the Q1 2024 earnings call. The Chief Financial Officer, Jean Hu, expressed concerns over the weak demand in gaming, leading to a 48 percent year-over-year decline in AMD’s gaming business. This decline was observed in both semiconductor sales for products like PS5, Xbox, and Steam Deck, as well as GPU sales.
Looking ahead, AMD is forecasting a ‘significant double-digit percentage’ decline for the remainder of the year in the gaming sector. This news has raised questions about the future strategies that AMD will implement to address the challenges faced in the gaming market.
Despite the current downturn in gaming, AMD remains a key player in the tech industry with a strong reputation for innovation. Gamers and industry analysts are eagerly awaiting AMD’s next moves to revitalize its gaming business and cater to the evolving needs of the gaming community.
