Intel Gave Up On Bitcoin Mining Chip Business Nearly 2 Years Ago — Here's How Its Stock Has Fared Compared With BTC Since Then - Advanced Micro Devices (NASDAQ:AMD)

Why Bullish?

Intel's exit from the mining market could create opportunities for AMD's competitors in the semiconductor sector. Historically, when a major player exits, it can lead to increased market share for remaining companies, including AMD, which can attract more orders in the gaming and data center markets.

How important is it?

The relevance is significant because Intel's failures in one segment can open doors for AMD, especially in related technologies. The increased hash rate also suggests a reviving market, prompting AMD's potential growth.

Why Long Term?

The implications of Intel's exit are structural; increased market dynamics in crypto mining could favor AMD's growth. As demand for GPUs in mining rises, AMD may capture market share over the long term.

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