AMD revenue forecast misses market estimates

(Reuters) - Advanced Micro Devices forecast first-quarter revenue below analysts' estimates, due to lower demand for its graphic chips used in consoles and an economic slowdown in China. AMD has been shifting to gaming consoles and low-power servers, but progress has lagged Wall Street expectations due to intense competition from Intel Corp and Nvidia Corp. The company said a cautious macro environment in China would affect revenue in the first quarter. China accounted for 42.2 percent of AMD's