AMD revenue forecast disappoints as crypto demand subsides, shares plummet

AMD revenue forecast disappoints as crypto demand subsides, shares plummet

6 years ago
Anonymous $oIHRkISgaL

https://www.reuters.com/article/us-amd-results/amd-revenue-forecast-disappoints-as-crypto-demand-subsides-shares-plummet-idUSKCN1MY2W9

Advanced Micro Devices Inc 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.