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AMD’s Earnings Beat Overshadows Crypto Connection as Stock Slips
AMD’s Earnings Beat Overshadows Crypto Connection as Stock Slips
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BTCCSquare news:
Advanced Micro Devices delivered robust Q2 earnings with $7.69 billion revenue and $872 million net income, yet shares fell 5% amid minor EPS miss and China export concerns. The overlooked narrative lies in AMD's growing data center business—now at $3.2 billion—which powers AI infrastructure increasingly Leveraged for blockchain computations.
ARK Investment's continued accumulation signals institutional recognition of the semiconductor-crypto nexus. While no specific coins or exchanges were mentioned, AMD's GPU technology remains foundational for ETH mining rigs and AI-driven blockchain analytics platforms across major exchanges like Binance and Coinbase.
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