Thursday, October 25, 2018

AMD Revenue Forecast Disappoints As Crypto Demand Subsides

It looks like both AMD and NVIDIA stock is down with cryptocurrency prices in serious decline.

AMD shares, which have more than doubled this year, were trading at $17.84 after the bell. AMD and Nvidia, its main rival in the gaming chip market, were the biggest beneficiaries of a cryptocurrency boom last year as miners invested in new networks to keep up with demand.