AMD, NVDA, and other leaders have seen prices of GPUs fall
Cryptocurrencies have shed about two-thirds of their total market capitalization since reaching a high in November 2021, and even dominant virtual currencies like Bitcoin have seen prices plunge.1 The crash is being fueled by several factors driving investors away from riskier assets, including rising interest rates, the Russian invasion of Ukraine, and inflation.2 But the impact of plummeting crypto is not confined only to holders of digital tokens. As crypto prices have fallen, so too have the prices of hardware and other equipment commonly used in the digital currency industry for mining and other functions.
Two of the major players in the graphics card market, Advanced Micro Devices Inc. (AMD) and NVIDIA Corp. (NVDA), have seen graphics processing unit (GPU) prices fall well below the manufacturer's suggested retail price (MSRP). As of a June 19 report by tech data analytics firm 3DCenter, AMD's current-generation...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...