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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

43 mins ago - Podcasts

The fight over fracking

Fracking has become a flashpoint in the election's final week, particularly in Pennsylvania where both President Trump and Joe Biden made stops on Monday. But much of the political rhetoric has ignored that the industry has gone from boom to bust, beset by layoffs, bankruptcies and fire-sale mergers.

Axios Re:Cap digs into the state of fracking, and what it means for the future of American energy, with Bob McNally, president of Rapidan Energy Group.

Democrats sound alarm on mail-in votes

Photo: Mark Makela/Getty Images

Democrats are calling a last-minute audible on mail-in voting after last night's Supreme Court ruling on Wisconsin.

Driving the news: Wisconsin Democrats and the Democratic secretary of state of Michigan are urging voters to return absentee ballots to election clerks’ offices or drop boxes. They are warning that the USPS may not be able to deliver ballots by the Election Day deadline.

Nxivm cult leader Keith Raniere sentenced to life in prison

Carts full of court documents related to the U.S. v. Keith Raniere case arrive at the U.S. District Court for the Eastern District of New York in May 2019. Photo: Drew Angerer/Getty Images

Nxivm cult leader Keith Raniere, 60, was sentenced to 120 years in prison on Tuesday in federal court for sex trafficking among other crimes, the New York Times reports.

Catch up quick: Raniere was convicted last summer with sex trafficking, conspiracy, sexual exploitation of a child, racketeering, forced labor and possession of child pornography. His so-called self-improvement workshops, which disguised rampant sexual abuse, were popular among Hollywood and business circles.

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