AMD’s crypto boost could actually be sustainable (AMD)


AMD reported an across the board beat on earnings on Tuesday, and there was one theme that analysts seem focused on: crypto.

«While some will argue upside from Crypto should be discounted, we see Blockchain as more sustainable than most and along with the value of AMD’s core IP likely to keep the stock in a $13–15 trading range,» John Pitzer, an analyst at Credit Suisse, said in a note to clients.

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