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AMD And Nvidia: How Vulnerable Are They To Cryptocurrency Concerns?
There’s no question the surge in crytocurrency prices has driven demand for cryptocurrency mining GPUs. However, recent reports of China shutting down bitcoin exchanges have sent the volatile currency’s value plummeting $100 since Friday.
If the cryptocurrency boom starts to hit more snags, should AMD and Nvidia investors be worried?
According to Jefferies analyst Mark Lipacis, the answer is no. In a new report, Lipacis took a deep dive into the impact cryptocurrency mining has had on AMD and Nvidia and the risk investors face from a crytocurrency slow-down.
Breaking It Down