So far, we’ve seen how Advanced Micro Devices (AMD) stock reacted to the recent confusion surrounding the news about a possible partnership with Tesla in regards to autonomous vehicle chips. AMD stock has also been highly reactive to the boost in the cryptocurrency trend.

Cryptocurrency prices peaked between April and August 2017 with bitcoin prices rising 354% and Ethereum prices rising 777%, according to data from CoinDesk. The cryptocurrency boom boosted demand for GPUs (graphics processing units) among crypto miners. This demand boost saw sales of an AIB (add-in-board) card increase in calendar 2Q for the first time in eight years. AIB card sales rose 30.9% sequentially to over $3.6 billion in 2Q17, according to data from JPR (Jon Peddie Research).