Bitmain Puts Share Prices of AMD and NVidia at Risk
March 27, 2018
Wall Street’s organization Susquehanna has changed the rating of AMD, mining hardware manufacturer, from neutral to negative and reduced probable share prices of its direct competitor Nvidia. All this was caused by rise of ASIC-producer Bitmain that has recently announced launching miners for Ethereum.
Christopher Rolland, analyst from Susquehanna, told, ASIC-miners for Ethereum coming to the market would affect adversely the shares of AMD and Nvidia as up to 20% of total income for both fall at mining hardware.
Note that Bitmain’s accumulated profit for 2017 makes up to $3.5 bln while that of Nvidia is only $3 bln.