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Sunday, August 13, 2017

Nvidia and AMD have very different views on cryptocurrencies (NVDA, AMD)

Nvidia and AMD have very different views on cryptocurrencies (NVDA, AMD)

Cryptocurrencies are blisteringly hot right now. Bitcoin just crossed the $3,500 mark for the first time and is up 493.38% over the last year.


The meteoric rise of cryptocurrencies has been a boost to several chip makers. Nvidia and AMD are the two largest manufacturers producing graphics processing units that cryptocurrency users take advantage of to speed up the network.


GPUs from both AMD and Nvidia have been sold out in many places as demand for the cards has skyrocketed with the value of bitcoin.


Even though the currencies have provided a boost to both companies, the CEOs running Nvidia and AMD have very different views of how to approach the "miners" hungry for their technology.


Full story at http://read.bi/2vydeth


Source: Business Insider


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