Bitcoin Prices Fell Back To 7500 U.s. Dollars, But Amd And Nvidia Share Prices Are High.

After the collapse of bitcoin, the share prices of chip companies that once relied on the "big profits" of the mine still rose fiercely.

Friday's AMD (14.4, 0.67, 4.88%) share price rose 4.88% to close at $14.40, the highest closing price since July 26th last year.

CISCO (43.66, 0.95, 2.22%) Systems Inc. announced on Thursday that CISCO (43.66, 0.95, 2.22%) will use AMD chips in a server that used only Intel chips before a ten - month high.

The shares of NVIDIA rose 2.15% on Friday, at $257.80, still at its highest level. According to the premise of Wall Street information network, the ten consecutive quarterly profit exceeded the market expectations. Last year, the fourth quarter profit and revenue have all set a record.

AMD's share price rose 40% this year to win a dramatic rise in the SOX index of 13%, with AMD and SOX close in the past 12 months, AMD by 32%, and SOX by 29%.

Stifel analyst Kevin Cassidy raised the target price of AMD from $14 to $17. In fact, AMD's share price exceeded $14 mark at the end of October last year.

On Thursday, CISCO announced that its new multi node server UCS C125 M5 rack server node adopts AMD's EPYC chip architecture. Cassidy believes the news is good for AMD's share price.

At the forty-sixth Cowen technical conference, the AMD technical director Mark Papermaster once again announced the development towards 7Nm technology. He said that 7Nm technology will improve the density and power of the transistor. He also said that there are three versions of the 7Nm products currently in research and development, and the subsequent products will be applied to 7Nm, and the next half year will be formally adopted. Sample.

Bitcoin continues to slide, is there any hidden trouble in graphics chip companies?

Bitcoin has continued its downward trend since last December, and once again fell below the $7500 mark. At the beginning of this week, it tested a 7000 dollar integer pass.

Bloomberg quoted technical analyst analysts, Market Securities Dubai Ltd. futures and options department head Paul Day, saying that bitcoin was copying the market four years ago, "the market sentiment is not much different from that at the time, and the downside market will continue for a long time."

Paul Day believes that considering that bitcoin fell on the 252 - day average last Friday, which means the next low is brewing and may fall to $2800 by the end of the year.

Wall Street is the premise of this and the market is concerned that if there is no digital currency related business, the future of the chip shares such as NVIDIA will continue to maintain strong performance growth.

For example, in May, NVIDIA announced the data center business in the financial report - the business of Amazon (1641.54, 11.92, 0.73%), Microsoft (100.79, 1.95, 1.97%), Google (1119.5, 34.51, 3.18%), and other companies' cloud business support - the performance was slightly less than the market expectations. Earnings report revealed that the business revenue of NVIDIA data center increased by 71% over the same period last year, to $701 million, less than the $703 million expected by the market.

Analyst Kevin Cassidy believes that the first quarter revenue of NVIDIA is higher than market expectations, mainly depending on digital money related income. For a stock with an estimated price earnings ratio of "40 times", this performance is not good enough.

In its earnings report, NVIDIA believes that its performance mainly comes from three aspects: artificial intelligence, game market and digital currency. More and more companies in datacenter are using NVIDIA chips to do comparable work with AI computing. The game business that contributes nearly 60% of the total revenue has also been supported by digital money demand, because digital money mining also requires high-end graphics cards.