Nvidia is stepping up production of GPUs because of crypto miners. This seems simultaneously wasteful and totally awesome in a cyberpunk sort of way.
Meanwhile, some analysts are claiming Nvidia and AMD are in trouble thanks to small, custom chips that are exclusively created to mine specific crypto currencies (Ether in this case). Is this bad? Sounds bad. But won’t “they” just turn around and create Ether 2 which requires new custom chips, and until those arrive, more generalized GPUs will work best?
And what does all this mean for the NVDA stock I own? Is that imaginary too now? I’m so confused. MMT FTW.