AMD will get crushed in the race to be the ultimate chip maker for Ethereum miners, tech analyst says (AMD, NVDA)

• AMD has received up to 20% of its total revenues from selling graphics cards used for Ethereum mining.
• Bitmain will put pressure on AMD, as the Chinese-based chipmaker is said to have developed its own ASIC, a graphics chip used for mining Ethereum, a Susquehanna analyst says.
• The analyst downgraded AMD’s shares and lowered its price target.
• You can view AMD’s stock price here.

AMD‘s heyday as the chip of choice for Ethereum miners is about to come to an end, warns a Susquehanna analyst.

The advent of a new application specific integrated circuit (ASIC) — a graphics chip used to mine Ethereum — developed by Chinese-based chipmaker Bitmain spells trouble for AMD because the increased competition threatens its market share.

See the rest of the story at Business Insider

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