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:

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *