AMD Quarterly Revenue Forecast Down as GPU Crypto Mining Falls-3.17

US semiconductor giant AMD has released its third quarter financial figures citing disappointment at waning crypto mining demand and falling markets.

The company said that its quarterly revenue was up 4% year on year to $1.65 billion for the quarter but fell short of expectations which stood at $1.7 billion. This shortfall it attested to the decline in demand for graphics processors to mine cryptocurrencies;

Original source
https://ethereumworldnews.com/amd-quarterly-revenue-forecast-down-as-gpu-crypto-mining-falls/

Add comment

Please Sign in to be able to leave comments.