AMD Earnings: Mining For Crypto Gold, More Spectre Details
Stock has wiped away 2017 losses in less than a month amid speculation that Ethereum mining led to GPU sales
When Advanced Micro Devices Inc. reports earnings Tuesday, the results will hold clues about how cryptocurrency mining effected graphics-chip sales, and the forecast will give indications about the effects of flaws in AMD’s other core products.
AMD AMD, +4.35% shares this year have been making up some ground lost in 2017, when rival chip maker shares skyrocketed. Gains may have been muted, though, by the January disclosure of chip design flaws that shook the industry as a whole, Spectre and Meltdown. When news of the exploits first broke, AMD played down its exposure, but has admitted that its central-processing units are vulnerable to the potential vulnerability.
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