Then I guess its time for AMD, Nvidia to manufacture GPU's designed to mine ETH/ETC to compete against Bitmain new release. Would be exciting for those miners that at least we have a lot of options and the cheaper one will capture the most out of the miners.
And there's not much price difference though, its minor that's why I was surprise to see Wall Street Analyst look as if this is something big for both companies as they can adjust to Bitmain entering the picturing. I'm sure that they are already mitigating the risk and I wouldn't be surprise if they are going to release cards specific for ETH/ETC mining.
Topic: [2018-03-26] Wall Street Analyst Lowers Price Targets Of AMD, Nvidia Shares (Read 105 times)
March 26, 2018, 03:30:15 PM
March 26, 2018, 02:01:06 PM
It seems to me that analysts have jumped the gun with their predictions. There is nothing stopping AMD company to negotiate with the most promising coins to sponsor and protect their algorithms from asics. Maybe AMD can even produce their own coin which will only use the GPU from AMD.
March 26, 2018, 11:52:26 AM
Wall Street Analyst Lowers Price Targets Of AMD, Nvidia Shares In Reaction To Bitmain Competition
Wall Street firm Susquehanna has changed the rating of semiconductor firm AMD from neutral to negative and lowered the price forecast for shares in GPU processing manufacturer Nvidia, citing the rising competition from Bitmain’s Ethereum (ETH) mining ASICs, CNBC reports today, March 26.
Susquehanna analyst Christopher Rolland told clients in a note that Bitmain will be shipping an ASIC for mining ETC starting in the second quarter of 2018, adding that although “Bitmain is likely to be the largest ASIC vendor (currently 70-80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs, all at various stages of development."
The preponderance of ETC ASIC miners will negatively affect AMD and Nvidia, according to Rolland, companies whose graphics cards for ETC mining make up about 20 and 10 percent of the companies’ respected revenues.
The new target price for AMD shares is $7.50, down from $13.00, and is $200 for Nvidia shares, down from $215 at Friday’s market close. Rolland noted that Nvidia’s neutral rating is the same, because "Nvidia has a stronger and more durable gaming franchise which would help it work through this potential Ethereum-related unwind.”
A research report released in February of this year showed that the four-year-old Bitmain had made between $3 and $4 bln in profits in 2017, while the twenty-four-year-old Nvidia had made about $3 bln during the same time frame.
https://cointelegraph.com/news/wall-street-analyst-lowers-price-targets-of-amd-nvidia-shares-in-reaction-to-bitmain-competition
Wall Street firm Susquehanna has changed the rating of semiconductor firm AMD from neutral to negative and lowered the price forecast for shares in GPU processing manufacturer Nvidia, citing the rising competition from Bitmain’s Ethereum (ETH) mining ASICs, CNBC reports today, March 26.
Susquehanna analyst Christopher Rolland told clients in a note that Bitmain will be shipping an ASIC for mining ETC starting in the second quarter of 2018, adding that although “Bitmain is likely to be the largest ASIC vendor (currently 70-80% of Bitcoin mining ASICs) and the first to market with this product, we have learned of at least three other companies working on Ethereum ASICs, all at various stages of development."
The preponderance of ETC ASIC miners will negatively affect AMD and Nvidia, according to Rolland, companies whose graphics cards for ETC mining make up about 20 and 10 percent of the companies’ respected revenues.
The new target price for AMD shares is $7.50, down from $13.00, and is $200 for Nvidia shares, down from $215 at Friday’s market close. Rolland noted that Nvidia’s neutral rating is the same, because "Nvidia has a stronger and more durable gaming franchise which would help it work through this potential Ethereum-related unwind.”
A research report released in February of this year showed that the four-year-old Bitmain had made between $3 and $4 bln in profits in 2017, while the twenty-four-year-old Nvidia had made about $3 bln during the same time frame.
https://cointelegraph.com/news/wall-street-analyst-lowers-price-targets-of-amd-nvidia-shares-in-reaction-to-bitmain-competition
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