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AMD shares are surging with bitcoin because digital-currency ‘miners’ need its graphics cards

June 7, 2017

Via: CNBC
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AMD shares rose as much as 7 percent Tuesday after the company revealed the dramatic jump in digital currency prices is driving demand for its graphics cards. The stock was the top performer in the S&P 500 on the day.

“The gaming market remains our priority. We are seeing solid demand for our Polaris-based offerings in the gaming and newly resurgent cryptocurrency mining markets based on the strong performance we are delivering,” an AMD spokesperson wrote in an email to CNBC late Monday.

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