Advanced Micro Devices said in June that strong interest in digital currency mining drove demand for its graphics cards.
Shares of Advanced Micro Devices climbed in premarket trade Wednesday after reporting strong guidance and better-than-expected earnings.
Wall Street is surprised over AMD's strong earnings and guidance due to digital currency mining demand for its graphics cards.
CNBC's Bob Pisani takes a look at what's moving in early morning trading, including a surge in shares of Advanced Micro.
Some of the names on the move ahead of the open.
AMD said it now expects third-quarter revenue to increase about 15 percent year over year.
Check out which companies are making headlines after the bell on Tuesday: AMD, X, AKAM & more
CNBC's Leslie Picker reports on the quarterly earnings report for AMD.
Jim Cramer goes over the stocks and events on his radar this week as the market holds its breath amid a tidal wave of earnings reports.
The falling dollar is starting to be talked about a lot on Wall Street...but as a positive.
I.Q. one hundred up more than twenty percent for one year it's an index tracking big cap companies that get most of their revenue from their own intellectual property today's leaders including A.M.D., Danaher, Honeywell, Cardinal Health and Amazon. For more go to CNBC.com/iq100
Strategists say two tech stocks set to report could be head and shoulders above the rest.
Barclays sees "no material traction" for AMD's new server chips with computer hardware makers, according to the firm's checks.
The "Fast Money" traders give you 7 ways to trade chip stocks.
Jon and Pete Najarian spot unusual bullish options activity in Anheuser-Busch, Micron & Advanced Micro Devices.
Three out of Wednesday's top four gainers were chip stocks Advanced Micro Devices, Nvidia and Micron Technology.
Shares of Micron Technology fell on Friday, dragging the broader chips sector lower.
The central banks were pumping money in the markets. They appear to be slowing down, as do corporate buybacks, UBS's Art Cashin says.
Nvidia will release cards specifically designed for cryptocurrency mining through its partners, according to a source.
Goldman Sachs: Sell this chip stock fast