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Stock impact report

Earnings Outlook: AMD earnings: Crypto revenue may be small, but it’s a key area of focus [MarketWatch]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Company Research Source: MarketWatch
AMD earnings: Crypto revenue may be small, but it’s a key area of focus Cryptocurrency mining, once a reason to cheer Advanced Micro Devices Inc., now has Wall Street worried. The use of AMD’s AMD, +0.50% graphics processing units for crypto mining proved a surprise benefit to investors when the crypto market was booming. These days, however, volatility in crypto land and the rise of new mining options has many wondering how much of AMD’s growth has been tied to crypto. The company has tried to convince investors that mining is just a small piece of the puzzle. “As a reminder, on our Q4’17 earnings conference call we stated that the percentage of annual revenue related to Blockchain was approximately mid-single digit percentage in 2017,” the company said in a blog post in late March. The blog entry came in response to an unnamed report that, according to the company, “hypothesized very high revenue for Ethereum-related GPU sales.” AMD presumably was referring to a downgrade by Susq Show less Read more
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