Bitcoin surges 8% to record near $3,000 before giving up some gains
The digital currency hit a record high of $2,967.48, according to CoinDesk.
Bitcoin has had a stellar year, rising nearly 200 percent, but its ride to the top has not been smooth.
AMD, which is known to compete with Intel in the processor industry, is also a giant in the PC gaming market. The space is dominated by a duopoly between Nvidia and AMD, who manufacture standalone graphics cards or GPUs. GPUs are typically used for graphics intensive activities such as gaming or video editing. They are also useful for mining cryptocurrencies like bitcoin and Ethereum.
AMD points to a “solid demand” for its new GPU product line from cryptocurrency miners.