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Tag: AMD

Cryptocurrency Mining Demand Leads to Mixed Results for AMD and Nvidia

Category: Altcoins, Bitcoin, Blockchain, Business, Commentary, Mining, News, Tech

Cryptocurrency Mining Demand Leads to Mixed Results for AMD and Nvidia

The cryptocurrency sector has indirectly influenced the fortunes GPU manufacturers Advanced Micro Devices (AMD) and Nvidia, with the former’s share prices increasing by 30 percent in May 2018 alone. AMD Stocks Rise on Mining Demand Since 2017, opportunistic cryptocurrency miners have started to bulk purchase GPU cards to build powerful mining rigs. While the move has augmented both profits and…

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First-Time Disclosure: Crypto Sales Account for 9 Percent of Nvidia’s Q1 Revenue

Category: Altcoins, Bitcoin, Business, Ethereum, Mining, News, Tech

First-Time Disclosure: Crypto Sales Account for 9 Percent of Nvidia’s Q1 Revenue

Graphics processor maker Nvidia Corp. disclosed that sales of graphics processing units (GPUs) to cryptocurrency miners equated to $289 million in the first quarter of 2018, forming only nine percent of its overall reported revenue of $3.21 billion for the period. Financial analysts had estimated sales of around $200 million on account of crypto miners. The first period did see…

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AMD And Samsung Post Stellar First Quarter Results, Attribute Part Of Success to Cryptocurrency Mining

Category: Altcoins, Bitcoin, Business, Mining, News

AMD And Samsung Post Stellar First Quarter Results, Attribute Part Of Success to Cryptocurrency Mining

Advanced Micro Devices (AMD) CEO Lisa Su surprised in more ways than one with the release of the company’s Q1 earnings on April 25, 2018. Not only was it a feather in her cap to learn that AMD has surpassed Q1 estimates, Su also revealed that only a small percentage of income was derived from the broad cryptocurrency arena. Su…

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Digital Currency is Driving AMD Shares to Skyrocket

Category: Altcoins, News, Tech

Digital Currency is Driving AMD Shares to Skyrocket

On June 6, AMD shares went up more than seven percent after the company revealed that its sales volume were skyrocketing mainly because of the direct influence of Digital Currencies, such as Litecoin. The stock was the top performer in the S&P 500 on the day. It seems that the recent price surge is directly connected to digital currency ‘miners’…

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