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Expand chart
Data: FactSet; Chart: Axios Visuals

Everything is going right so far this year for Advanced Micro Devices. The company's stock price rose more than 3% on Wednesday, continuing to shake off trade war fears and pushing back towards a 13-year high touched in June.

The state of play: AMD is benefiting from renewed interest in Bitcoin, which has soared to nearly $13,000 per coin. The company doubled down in November when cryptocurrencies were left for dead, launching a spate of new Bitcoin and blockchain tools.

  • The company is also winning on gaming, selected by Microsoft as the chipmaker for its next-generation Xbox console, to be released during the 2020 holiday season. Sony is also expected to use AMD chips in its next PlayStation.

What they're saying: Analysts at Morgan Stanley, long-time bears on the company, said earlier this month they had made the "wrong call" on the stock and raised their price target to $28 a share.

  • Nomura analysts expect "new processor families scheduled for launch by Intel and AMD in 2H19 and 1H20 offer significantly larger steps up in technology and design than products released by the companies in 2018."

Go deeper: Bitcoin is losing its Wall Street buy-in

Go deeper

Updated 3 hours ago - World

Islamic State claims responsibility for deadly bombing in southern Afghanistan

The mosque after the explosion in southern Kandahar province on Oct. 15. Photo: Murteza Khaliqi/Anadolu Agency via Getty Images

The Islamic State group claimed responsibility for a massive blast that tore through a crowded Shiite mosque in the southern Afghan city of Kandahar on Friday, killing at least 47 people and injuring dozens more, AP reports.

Why it matters: Friday's attack was the deadliest to strike Afghanistan since the U.S. withdrew its troops from the region and is the second major attack on a Shiite mosque in a week, underscoring the Taliban's growing security threat from other militant groups.

New wave of strikes will test worker power

Illustration: Sarah Grillo/Axios

Thousands of John Deere workers hit the picket line this week after the union smacked down a new worker contract from the farm and equipment maker.

Why it matters: There’s a wave of worker angst spreading across the country. They wield new power that’s come with a historic worker shortage.

Bryan Walsh, author of Future
5 hours ago - Technology

The smart city comes of age

Illustration: Aïda Amer/Axios

Better sensors, more intelligent AI, and the coming wave of 5G wireless could finally fulfill the promise of the smart city.

Why it matters: How we organize, run and power our cities will be increasingly important in the years ahead, as urbanization expands and the damaging effects of climate change compound.

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