Jun 14, 2017 08:46 AM EDT
After the years of negative net income, Advanced Micro Devices (AMD) Vega's tide looks to be turning good response for AMD shares. AMD Vega's current main competitor in the gaming is the GeForce 1080 from Nvidia, which it looks to outperform.
AMD has reportedly responded negatively to its most recent earnings announcement at the start of May due to disappointing revenue growth. Since then the stock has started to pick up some steam again. However, the trend of company's financial results might indicate something else; the future looks quite bright for AMD.
According to Seeking Alpha, investors see AMD as a company that's about to witness a major amount of growth in the near future which then will continue for quite some time. Investors that have been following AMD stock for a while know that the company is about to have a much better time than it has in the past.
The gaming market nowadays is tremendous with loads of growth expected going forward. One of the increase drivers these past few years has been the growing liked eSports.
Nvidia's management said this about the success that eSports are currently having during its most recent earnings call: "With apologies to the start of the baseball season, e-sports are now as popular among U.S. male Millennials as America's preferred pastime. More people watch gaming than HBO, Netflix, ESPN, and Hulu combined."
eSports looks to be just getting started. Game developers and publishers are looking this growing trend as well and are investing heavily in this new market segment, given that it can be a great marketing tool to gain players for your games, as reported by Benzinga.
This is precisely what Activision did with Overwatch, a game that was developed for eSports. A year after its release it had 30 million players.
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