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(Reuters) - Advanced Micro Devices Inc (AMD.O) on Wednesday forecast fourth-quarter revenue below estimates as the chipmaker faces dwindling demand from cryptocurrency miners for its high-margin graphic processors and excess inventory, sending its shares down 22 percent. AMD shares, which have more than doubled this year, were trading at $17.84 after the bell. AMD and Nvidia, its main rival in the gaming chip market, were the biggest beneficiaries of a cryptocurrency boom last year as miners invested in new networks to keep up with demand.

However, with silver batman mask cufflinks cryptocurrency prices in free fall, mainly due to regulatory worries, demand for the chips have declined, Graphic Processing Units like AMD’s Radeon provide the high computing abilities required for cryptocurrency mining, Nvidia shares were down 2.5 percent at $194.98, AMD said it now expects revenue of about $1.45 billion, plus or minus $50 million, below analysts’ estimates of $1.6 billion, according to Refinitiv data, The company said revenue from its graphics and computing business, which sells Ryzen desktop processors and Radeon graphics cards, rose 12 percent to $938 million in the third quarter..

AMD said strong sales of Ryzen chips were partially offset by lower revenue from its graphics business, where blockchain-related GPU sales were negligible. “In graphics, the year-over-year revenue decrease was primarily driven by significantly lower channel GPU sales, partially offset by improved OEM and data center GPU sales,” Chief Executive Officer Lisa Su said on a post-earnings call. Channel GPU sales came in lower than expected based on excess channel inventory levels, caused by the decline in blockchain-related demand that was so strong earlier in the year, she added.

Su said the graphics and computing segment underperformed expectations by $100 million in the quarter and added that inventory levels for its graphics products remain high and may take a silver batman mask cufflinks couple quarters to return to normal levels, “The miss was due to GPU, AMD had too high an exposure to the crypto-currency market, Additionally, they do not have a competitive line-up in the PC Gaming market,” Summit Insights Group analyst Kinngai Chan said, Sales in its enterprise, embedded and semi-custom unit, which makes EPYC server processors, fell 5 percent to $715 million..

NEW YORK/LONDON (Reuters) - Top Bank of America Corp executives, including Chief Executive Officer Brian Moynihan, made a surprise appearance at a gathering of the bank’s senior dealmakers on Tuesday in an effort to boost morale, two people familiar with the matter told Reuters. Moynihan, Chief Financial Officer Paul Donofrio and Chief Operating Officer Tom Montag assured those attending a gathering for managing directors in Bank of America’s investment bank that they had the full support of senior leadership and the broader organization, said the sources, who spoke on condition of anonymity.

Although the offsite event happens every year, senior executives do not always make an appearance, Their supportive comments come at a time when Bank of America’s investment silver batman mask cufflinks bank has been plagued by falling market share and revenue, and after a string of departures by senior leaders, Troubles began early this year after Bank of America reported $292 million in losses related to South African furniture retailer Steinhoff International, and began a review of risk-taking within the investment bank..

So far in 2018, its investment banking fees have tumbled 20 percent, even as rivals have reported gains. Analysts generally describe the issues with Bank of America’s investment banking unit as a small hurdle that is more than offset by a positive trajectory in other, larger bank businesses. Evercore ISI analyst Glenn Schorr, for instance, put more weight on the “strong operating environment, rising CEO confidence, low unemployment, wage growth, strong consumer spending levels and BofA’s expanding banker coverage” than in the slump in investment banking fees last quarter.

However, executives have expressed concern as Bank of America has slipped to fifth place in investment banking league tables year-to-date from third place in 2016, according to Refinitiv data, “We silver batman mask cufflinks know we can do better,” Donofrio said on a conference call to discuss earnings earlier this month, At the dealmaker meeting on Tuesday, Matthew Koder, the incoming head of the division, gave a detailed presentation that showed the investment bank underperforming in all sectors, especially in the United States, He told attendees it is imperative that the unit changes its culture..

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