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