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AMD And Nvidia: How Vulnerable Are They To Cryptocurrency Concerns?

By BenZinga
FinTech

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Demand for cryptocurrency mining has been a pleasant surprise for shareholders of Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA).

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

Read the full story at Benzinga.

 

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