Wednesday, January 31, 2018

AMD And NVIDIA Shares Surge As Blockchain Demand For GPUs Spurs Rally

It looks as though GPU makers are benefiting from the recent surge in cryptomining.

Shares of both NVIDIA Corp and Advanced Micro Devices, spiked on news of AMD’s earnings beat today. Though after-hours trading showed a dip in AMD shares, upon the open, Sunnyvale started looking up and closed the day with a 6.76% gain on the optimistic outlook offered by AMD CEO Dr. Lisa Su, underscoring both CPU and GPU products as significant areas of opportunity and growth