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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Codenamed "Jaguar," AMD's chips are reportedly set to power the software giant's next-generation Xbox gaming console, which is expected to be unveiled next month. AMD chips are also powering Sony's upcoming PlayStation 4, displacing graphics rival NVIDIA.
Now what: The move will mark a transition to x86 architecture, replacing the Power PC architecture currently in use. Rumors of seeing AMD in the next Xbox aren't exactly new, but having a high-profile outlet like Bloomberg reporting it adds to the credibility. CEO Rory Read has been trying to diversify away from the stagnant PC market, and while the console gaming market offers less volume than PCs, it would still be an incremental gain for the chip maker.
Interested in more info on Advanced Micro Devices? Add it to your watchlist by clicking here.
The mobile revolution is still in its infancy, but with so many different companies, it can be daunting to know how to profit in the space. Fortunately, The Motley Fool has released a free report on mobile named "The Next Trillion-Dollar Revolution" that tells you how. The report describes why this seismic shift will dwarf any other technology revolution seen before it and also names the company at the forefront of the trend. You can access this report today by clicking here -- it's free.