AMD shares crater after Morgan Stanley warns cryptocurrency mining chip demand will be cut in half

AMD shares crater after Morgan Stanley warns cryptocurrency mining chip demand will be cut in half

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/10/30/amd-shares-crater-after-morgan-stanley-downgrades.html

AMD will face demand problems for its graphics processors next year in two key markets, according to one top Wall Street firm.

Morgan Stanley reduced its rating for AMD shares to underweight from equal-weight, predicting cryptocurrency mining and gaming console demand for its graphics chip business will falter in 2018.