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Ademi & O’Reilly, LLP announces an investigation of Advanced Micro Devices Inc. (AMD) for possible violations of securities laws.

The investigation focuses on whether AMD made false and misleading statements in the past few months about its financial prospects related to graphics processing unit (GPU) sales.  It appears that AMD’s crypto business was much more significant than AMD had represented.  AMD’s earlier representations have inflated AMD shares and now AMD is announcing that GPU sales to cryptocurrency miners have slowed dramatically and that AMD is experiencing elevated inventories in its GPU channel.