We now know how crypto caused nvidia and AMD to crash after earnings. But the thing is crypto was trading side ways back then.
Now in recent week, tcrypto is really crashing, down under $5000 and now approaching $4000.
This is the point where mining becomes unprofitable, not just reduced demand for GPUs, but unprofitable. This forces many miners to liquidate their GPUs.
So is it too soon to say crypto impact was just 1 quarter and next ER would be good for NVDA and AMD?
Submitted November 22, 2018 at 10:23PM by nocehr https://ift.tt/2R5H9Tr
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