News > Lifestyle, FinTech

Forget Crypto: eSports Might Be Where it's at For Nvidia and AMD

By BenZinga
Lifestyle, FinTech


Cryptocurrency has grabbed headlines in the semiconductor world in the past year, as demand for GPUs from miners created a shortage in the market and prompted retailers to drive prices through the roof.

Semiconductor stocks like Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA) have been feeling some short-term pain from slumping crypto demand. However, Bernstein analysts led by Stacy Rasgon say both stocks should get a long-term boost from the exploding popularity of eSports.
What To Know

Rasgon says the competitive component of eSports requires gamers to gear up with high-end chips, a trend which he says is showing no signs of slowing down.

In fact, Rasgon says a new …

Read the full story at Benzinga.

Photo: Getty iStock

Subscribe to our Newsletter

Be one of the first to experience the future of financial services