Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Advanced Micro Devices has new products in the pipeline, setting 2019 up to be a "big year" for the company, CEO Lisa Su told CNBC Wednesday.
"We view it as a significant product cycle, and as we go three to five years forward, we have a lot of things in the hopper," she said in a one-on-one interview with "Mad Money's" Jim Cramer. "We're working on many, many products."
AMD is building the computer chip for the next generation of Sony's PlayStation game console. While the PlayStation 5 won't be released in 2019, the system will carry higher-quality graphics and visual effects on top of faster and expanded memory, according to Wired Magazine.
Gaming is a long-term and "good secular" growth market for AMD, Su said.
"What we have done with Sony is really architect something for their application, for their special sauce," she said. "It's a great honor for us. We're really excited about what the next generation PlayStation will do."
The company also supplies semiconductors for PC and data center industries, she added. The company supplies components for Amazon's Web Services, Alphabet's Google Cloud and Apple's various devices. Su said they look to partner with the best in the industry.
AMD is also behind Google's new gaming service Stadia, which was announced in March. New releases for the middle of 2019 include a Ryzen microprocessor for PCs and an Epyc processor for data center, Su said.
"This is a revenue growth year for us," she said. "[We're] starting out at a lower point in the first quarter, but building up over the next couple of quarters, and we still see tremendous excitement around our products. From that standpoint, that's where we're focused."
AMD celebrated its 50th anniversary in business on Wednesday. The stock surged 7% after the company reported strong first-quarter results the day prior, with guidance in line with Wall Street's hopes. Shares of the chipmaker closed down about 3% Wednesday.
Last week, chip competitor Intel topped analyst expectations in its quarterly report, but the company offered a dimmer revenue forecast for 2019 than analysts expected. Cramer highlighted that there could be a pause in data center growth for the semiconductor sector, but Su is confident in the long-term strategy.
"With all of the data out there and all of the compute needs, it is a great market, and it really appreciates great technology," she said. "That's where we differentiate ourselves. [We're] really focused on high-performance computing."
AMD recorded $1.27 billion of revenue in the first quarter of 2019 and maintained its full-year guidance. The company expects about $1.52 billion of revenue in the second quarter, a 13% decline from the year prior, in part due to lower graphics channel sales, the company said.
Disclosure: Cramer's charitable trust owns shares of Amazon and Alphabet.