Advanced Micro Devices reported better-than-expected revenues for its fourth quarter that ended December 31, but it’s still hard to tell if AMD is gaining much ground on archrival Intel, which also reported a strong fourth quarter.
AMD was expected to get a boost from graphics processing unit (GPU) sales related to cryptocurrency mining, as high-end graphics cards are being used en masse to generate additional units of free cryptocurrency. That spike in demand is related to the crazy rise of Bitcoin, which reached $20,000 per Bitcoin in December, only to fall to just above $10,000 recently.
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