Tag: AMD

AMD Revenue Forecast Disappoints as Crypto Demand Subsides

Advanced Micro Devices on Wednesday forecast fourth-quarter revenue below estimates as the chipmaker faces dwindling demand from cryptocurrency miners for its high-margin graphic processors and excess inventory, sending its shares down 22 percent. AMD shares, which have more than doubled this year, were trading at $17.84 (roughly  Rs.1,300) after the bell.

Nvidia Sees Fewer Cryptocurrency Miners, More Gamers in Future

Too many cryptocurrency clients and fewer cloud computing orders than expected underwhelmed Nvidia Corp investors on Thursday, although the graphics chip maker said a supply shortage that hit its core video game audience had eased. The US company best known for chips that enhance video game graphics has diversified into an array