2018-6-21 11:40 |
While Advanced Micro Devices Inc.’s (AMD) shares have seen substantial growth in the past month due to a cryptocurrency mining boom, two analysts warn that investors could be disappointed should mining die down, MarketWatch reported June 20.
In the past month, AMD’s stock has gained around 30 percent thanks to the graphic processing units (GPUs) produced by the company, which have established themselves as effective hardware for crypto mining.
Some analysts, however, have expressed concern that the recent success of AMD’s stock may not last long if crypto mining quiets down, or if miners choose GPUs by other manufacturers.
Stacy Rasgon, an analyst from Bernstein, claims that over the course of the recent cryptocurrency boom, AMD’s GPUs have benefited miners, though the devices were originally designed for gaming.
AMD six month stock price.
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