Mizuho - NVIDIA: Crypto-currencies much less meaningful to semis in 2018
Mizuho hosted meetings with a crypto-currency expert looking at outlook for GPUs, CPUs and semiconductors in crypto mining. While the Blockchain software technology is here to stay, with applications in crypto-currencies, smart contracts and multiple markets, firm expects crypto-mining will be a much less meaningful market for AMD/NVDA in 2018 (~6-7% of revenues currently) underlining an increased need for AMD/NVDA to focus on core PC/NB/Data Center markets in 2018.