AMD’s Polaris cards are hot sellers as demand from cryptocurrency miners has created a shortage of AMD graphics cards.
A search on Amazon or newegg indicates that the products e.g. Radeon RX570 are all sold out. CNBC got a reply from AMD and they confirmed that demand from those mining cryptocurrencies is responsible for the shortage.
The surge of interest in cryptocurrency Ethereum has drawn in users looking to profit by producing “ether.” Ethereum is designed to be ASIC-resistant, which means that it would be expensive to design an ASIC that would outpace consumer hardware like graphics cards. AMD graphics cards tend to perform better than those from NVIDIA (NASDAQ:NVDA) when it comes to cryptocurrency mining.
Shares of AMD shot up $12.76 from $10+ earlier on Monday. Will this trend continue and result in more shortages of AMD graphics cards ? Discuss.