Analysts downgrade AMD and Nvidia’s financial outlooks over rumoured Ethereum mining ASIC

Analysts downgrade AMD and Nvidia's financial outlooks over rumoured Ethereum mining ASIC

Will an Ethereum ASIC decrease GPU demand from miners?

Published: 26th March 2018 | Source: Smarter Analyst | Author: Mark Campbell

Analusts downgrade AMD and Nvidia's financial outlooks over rumoured Ethereum mining ASIC

Analysts downgrade AMD and Nvidia's financial outlooks over rumoured Ethereum mining ASIC

Financial Analysts from Susquehanna have lowered their share price targets for both AMD and Nvidia after "confirmed" reports of an Ethereum mining ASIC from Bitmain, which is set to release in Q2 of this year.
Christopher Rolland, an analyst for Susquehanna, says that "We confirm a Bitmain Ethereum ASIC", stating that 20% of AMD's sales are from Ethereum miners. The same analyst has also reported that 10% of Nvidia's sales are to Etherium miners, potentially freeing up a lot of GPU inventory for gamers in the coming quarters.
Rolland has lowered AMD's share pricing expectations to $7.50 from $13 and Nvidia's from $215 to $200. The massive drop for AMD is especially strange, given the fact that the firm is not wholly reliant on their GPU sales, with their Ryzen series CPUs continuing to prove popular in the consumer and enterprise markets.

Analusts downgrade AMD and Nvidia's financial outlooks over rumoured Ethereum mining ASIC

A Bitmain mining ASIC for Ethereum will replace gaming GPUs in time, but only for that specific cryptocurrency. Miners will quickly move to another profitable cryptocurrency, which means that the introduction of an etherium ASIC will not bring about a mining apocalypse.
You can join the discussion on AMD/Nvidia's downgraded financial analysis in the wake of a "confirmed" Ethereum mining ASIC from Bitmain on the OC3D Forums.

Otaku,Cats lover and of course the founder of www.pr0t3ch.com “When life gets hard.. just Watercool and OVERCLOCK !”
×
Otaku,Cats lover and of course the founder of www.pr0t3ch.com “When life gets hard.. just Watercool and OVERCLOCK !”
Show More

wajdi1987

Otaku,Cats lover and of course the founder of www.pr0t3ch.com "When life gets hard.. just Watercool and OVERCLOCK !"

Related Articles

Leave a Reply

Close
Close

Adblock Detected

Please consider supporting us by disabling your ad blocker