Wall Street stunned over AMD’s blowout results due to cryptocurrency mining demand
Wall Street stunned over AMD’s blowout results due to cryptocurrency mining demand Wall Street is surprised over AMD's strong earnings and guidance due to digital currency mining demand for its graphics cards. AMD shares have rallied 102 percent through Tuesday in the previous 12 months compared with the S&P 500's 14 percent return. That performance ranks No. 4 in the entire S&P 500, according to FactSet. Investors are mesmerized with AMD's impressive second quarter as cryptocurrency mining demand drove the…