Blockchain market is welcoming AMD and NVIDIA have benefited a lot
The sustainability of the blockchain is very high, but its mobility is very strong. It is reported that this year's blockchain technology has become the focus, driving the market outbreak, AMD and Nvidia's blockchain prospects are exciting for investors, AMD and Nvidia are likely to benefit from it.
According to the reporter, the US semiconductor company AMD's quarterly revenue is amazing, making chip sales the focus of blockchain technology providers. As a kind of digital ledger, blockchain has surpassed the cryptocurrency to explode.
The blockchain is the technology behind Bitcoin and Ethereum, and cryptocurrency miners use fast graphics processing units (GPUs) to solve complex mathematical problems and get new digital currencies as rewards.
AMD and Nvidia will report earnings next week, both of which sell GPUs, which may receive significant gains when prices rise. Analysts expect sales of the two companies to grow further as more companies around the world announce plans to enter the bitcoin industry or blockchain technology.
Investors are excited about the future. AMD shares rose about 6% on Wednesday, while Nvidia's share price rose 3%.
In 2017, the popularity of popular bitcoin soared more than 1,300 percent, attracting more people around the world to use bitcoin, pushing up demand for GPUs.
In the past, AMD and NVIDIA tried to reduce the expectation of potential revenue growth in cryptocurrencies, but analysts believe that the blockchain barrier has been opened.
STIfel analyst Kevin Cassidy said: "We believe that the larger blockchain is a sustainable GPU market, and it will eventually become a specific application chip ASIC for blockchain applications."
"We believe that both AMD and NVIDIA may benefit from it, at least from the intellectual property rights provided to ASIC."
Although blockchain is best known as a system that supports bitcoin, more and more industries use it to improve security or business efficiency, such as De Beers using blockchain technology to verify the authenticity of diamonds. .
Credit Suisse analyst John Pitzer said, "Although some people think that the benefits of encryption technology should be discounted, we believe that the blockchain is more sustainable than most technologies."
Pitzer estimates that AMD sold about $320 million in chips to blockchain companies in 2017, but this is only a small fraction of AMD's annual revenue (more than $5 billion).
AMD CEO Lisa Su said on Tuesday's earnings conference call that although the blockchain is a very liquid and dynamic market, AMD's growth momentum in December is strong, and this momentum continues to enter this year. The first quarter.
AMD's biggest competitor, Nvidia, will announce its fourth-quarter earnings on February 8. The company's quarterly revenue in October exceeded $100 million.
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