A report today from Smarter Analyst states that Susquehanna analyst Christopher Rolland is downgrading AMD stock to negative from neutral, with a $7.50 price target. The reason for the downgrade? Bitmain is planning to roll out a new ASIC miner for Ethereum, each having 3 motherboards, and each motherboard having 6 ASICs, and 32GB of DDR3.
Sounds like you may want to get jumped out of the Hodl Gang. I wonder if this is the cause of Ethereum dropping around 10% today. In related news I'm paying $200 for a Vega 64, PM me. Thanks to cageymaru for the story.
Rolland commented, “We confirm a Bitmain Ethereum ASIC. In today’s “The Steam Shovel Cometh… ETH Mining Gets its ASIC”, we downgrade AMD to Negative as we confirm the existence of a Bitmain ASIC for Ethereum mining. While we acknowledge this call is early, as significant GPU channel replenish is needed, we estimate ~20% of AMDs sales are Ethereum related.”
Sounds like you may want to get jumped out of the Hodl Gang. I wonder if this is the cause of Ethereum dropping around 10% today. In related news I'm paying $200 for a Vega 64, PM me. Thanks to cageymaru for the story.
Rolland commented, “We confirm a Bitmain Ethereum ASIC. In today’s “The Steam Shovel Cometh… ETH Mining Gets its ASIC”, we downgrade AMD to Negative as we confirm the existence of a Bitmain ASIC for Ethereum mining. While we acknowledge this call is early, as significant GPU channel replenish is needed, we estimate ~20% of AMDs sales are Ethereum related.”