Cryptocurrencies are blisteringly hot right now. Bitcoin just crossed the $ 3,500 mark for the first time and is up 493.38% over the last year. The meteoric rise of cryptocurrencies has been a boost to several chip makers. Nvidia and AMD are the two largest manufacturers producing graphics processing units that cryptocurrency users take advantage of to speed up the network. GPUs from both AMD and Nvidia have been sold out in many places as demand for…"Nvidia and AMD have very different views on cryptocurrencies (NVDA, AMD)"
There is a lot of hype around cryptocurrencies right now, but it won’t be enough to save AMD. Bitcoin has forked, bitcoin cash is higher than investors thought, and most cryptocurrencies are growing at rates that are hard to keep track of. This hype has given a boost to companies like AMD and Nvidia, who’s graphics cards are selling like crazy as miners try to grab their piece of the cryptocurrency tidal wave. But, cryptocurrencies are…"BARCLAYS: AMD can’t be saved by cryptocurrencies (AMD, NVIDIA)"
Nvidia and AMD are in a war. The two companies both produce graphics cards and compete over PC gamers, self-driving car manufacturers and data center managers to prove that their technology is superior. Nvidia tends to be ahead in many of those markets and has seen its stock rise more this year because of it. A new market is emerging though. The two graphics processing unit (GPU) companies are currently fighting over the cryptocurrency GPU market,…"A Wall Street bank is betting Nvidia will win the cryptocurrency battle (NVDA, AMD)"
NVIDIA stock is a darling among millennial investors, and bitcoin could be a reason why they are right to love the stock. NVIDIA makes graphics processing units, also known as GPUs or graphics cards, and it competes with companies like AMD. When the average consumer shops for a GPU, they are primarily looking at performance versus price, trying to find the best bang for their buck. That same measure doesn’t work as well when you scale that comparison…"A Wall Street bank used bitcoin to prove that NVIDIA is better than its competitors (NVDA)"