Analysts Warn That ‘Crypto Hangover’ Could Persist for AMD By Cointelegraph

© Reuters. Analysts Warn That ‘Crypto Hangover’ Could Persist for AMD

Ahead of the release of Advanced Micro Devices’ (AMD) fourth quarter (Q4) report for 2018, analysts state that the company could still be facing problems due to a “crypto hangover,” business news site MarketWatch reported on Jan. 25. The firm is expected to release the report after markets close next Tuesday.

Susquehanna financial analyst Christopher Rolland reportedly said that AMD has managed expectations well, but lower retail prices for graphics processing units (GPU) could still cause problems. AMD’s popular Radeon RX580 GPU, which has been widely used by crypto miners, was recently being sold for $180, down 67 percent from a peak average price around $550 in February 2018. Cowen analyst Matthew Ramsay told MarketWatch:

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