NVIDIA and AMD might sustain damage if crypto market is indeed a bubble

Experts believe that gains the hardware companies had due to the rise of cryptocurrency might change into losses. The theory is based around the popular concept that cryptocurrency market resembles the market of dotcoms before its downfall in 1990s.

Joe Kinahan, chief market strategist at TD Ameritrade, believes that NVIDIA and AMD are to suffer from collateral damage that would follow after the supposed crypto downfall in the future. He said that if a company benefits more than 5% off current crypto hype, it is going to suffer damage that might prove difficult to sustain.

Spokesmen from both companies declined to comment on this statement, but it is quite obvious that they do not rely solely on cryptocurrency market and mining farmers. This means that in case Bitcoin and other coins fall, NVIDIA and AMD will simply pay more attention to videogame fans that always buy new graphic cards for swift rendering of landscapes in the new, resource-demanding titles. Let’s not forget that graphic cards most miners used are actually made for 3D rendering, not for mining.