Published on November 14th, 2017 | by bitcoin0
Morgan Stanley Predicts GPU Mining Sales will Plunge in 2018
An analyst for Morgan Stanley is predicting that the sale of graphics cards (GPUs) for cryptocurrency mining will fall next year, signifying a potential hurdle for sellers like AMD.
As a result, according to Morgan Stanley, companies such as AMD could see their mining-related sales plunge by as much as 50% next year.
The Morgan Stanley analyst first wrote about AMD’s potential graphics card sales issues two weeks ago, downgrading its rating from “equal-weight” to “underweight.”
Competitor Nvidia also saw a significant revenue boost thanks to GPU buyers who are using them to mine cryptocurrencies.
GPU mining image via Shutterstock