Nvidia New Crypto-Currency Cards May Hurt AMD: Susquehanna
Nvidia will release two new graphics cards specifically targeted at the crypto-currency market in 3Q, Susquehanna analyst Christopher Rolland writes in a note, citing supply chain checks in Asia.
- NVDA’s new cards appear to be competitive on price and may pose a threat to AMD’s dominance in the cryptocurrency mining market
- Says contacts in Asia did not mention upcoming mining-specific cards from AMD, though some media reports have suggested this
- Separately, Mizuho analyst Vijay Rakesh says NVDA is well positioned for 2H, as it is getting traction with the DGX-1 and Volta V100 platforms
- Also sees consensus estimates for NVDA’s gaming-related revenue as conservative
- Reiterates NVDA buy rating, raises PT to $170 from $145