Big Wall Street firms expect both AMD and Nvidia’s stocks to continue to rise if they continue to look for opportunities in the crypto mining market.
Bitcoin miners’ interest in GPUs Nvidia’s stock increased by 180 and AMD by 112 last year.. The GPU market is expected to remain strong over the next few months, according to a new report from global investment bank Jefferies.
Lipacis wrote in a note;
“We believe that fixing crypto-based stocks poses no risk of financial setbacks in the short term. Both AMD and NVDA are working with GPU graphics cards in secondary markets. introduced crypto-specific GPUs that could not compete.”
Both firms exploited this market by developing and selling crypto mining-specific GPU models. He doesn’t expect it to compete with second-hand equipment. He also stated that GPU prices will fall and this may be reflected in stocks.
Lipacis, GPU mining market crash He believes that even in the unlikely event that the revenues of the two companies will not be greatly affected. As a result of such a disaster, AMD expects a 3% decrease in Nvidia’s revenues by 10%.
As mentioned in the previous report, both companies have started to take advantage of those who have an interest in GPUs among the world’s miners. In a recent report by Nvidia CEO Jen-Hsun Huang, he announced that cryptocurrencies and blockchain will exist for a long time, drew attention to its long-term plans.
Although AMD does not seem to be inclined to rise in its own press releases, the company’s products seem to attract great interest from miners.
Join our Telegram channel to be informed about all developments and posts!
Bitcoin Cash Age Started at Poloniex!