AMD is surprisingly up from a low of about $2 in 2015. CNBC and Barron’s report that AMD stock is surging on news that the new Epyc processor will compete with Intel’s Xeon for datacenter technologies. If cryptocurrency miners are scarfing up AMD graphics cards now due to the wonderful performance-to-price ratio provided I can imagine further growth in this stock.
Let’s face it AMD is making a comeback. The stock is $13.52 in pre-market trading, that is up $0.88 as of writing just 20 minutes before the opening bell 6/21/2016. This has more to do with the release of the Epyc processor competing in datacenters with Xeon but we also know how much the cryptocurrency community appreciates GPU’s for mining new algorithms for which no ASICs are taped out yet.
CNBC erroneously refers to demand among Bitcoin miners for AMD technology but as we all know Bitcoin uses SHA-256 so unless AMD starts manufacturing SHA-256 ASIC chips this is related to algorithms that secure coins which are difficult to apply FPGA or ASIC technology to.