Bitcoin Price Boom Boosts AMD Rally While Semiconductor Stocks Crash
By CCN: While other semiconductor companies were struggling, AMD stocks continued to surge in May; a price movement likely fueled by the bitcoin bull market. AMD Stocks Surging by 99% Advanced Micro’s stocks are booming, gaining as much as 99 percent in the last 12 months. AMD continued its surge even in May when other semi stocks had crashed. Last month, the semiconductor ETF SMH and Intel lost 14-14 percent with Nvidia being one of the biggest losers of the month with a 25 percent price decline. “AMD is definitely the star that shines within the SMH group. Analysts are
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