UPDATE 1-AMD posts smaller loss, gives strong forecast on graphic chips demand

Jan 31 Advanced Micro Devices Inc on Tuesday posted a smaller-than-expected quarterly loss and gave a strong revenue forecast for the current quarter, boosted by demand for its graphic chips used in gaming consoles and a stabilizing PC market. The company’s next hotly awaited release is the new Ryzen processors for PCs, aimed at gamers and others who need a high-performance processor as well as dislodging Intel Corp’s near monopoly.