Maybe you haven't heard that AMD graphics cards don't work for Bitcoin. Watch the video and it explains everything and why.
What is with your antagonism toward everyone in this thread? Is that video you or a friend/family member? And maybe you haven't heard, but AMD doesn't make just GPUs. AMD CPUs work for crypto mining, so Pekelo's post is relevant.
Maybe you haven't heard but there are a gazillion other cryptos to be mined, where AMD does work. And again, the newest cryptos don't involve mining. But anyway, the guy should advocate NVDA not TSM using the same logic, at least NVDA is up 100% YTD.
Again maybe you haven't heard but AMD does not make the chips necessary to mine Bitcoin and this is about Bitcoin. They will not profit off Bitcoins rise. So no the post is NOT RELEVANT.
Obsolete? You need to get on with reality. This is still relatively new and just getting started. It's gone through the roof. It by far has the largest liquidity of any crypo and is already trading on the futures exchange and offered in other investment products while non of the others are. The other ones are hardly even known in the mainstream. Because it's by far the largest this means it's the most mined and therefore the companies that manufacture this equipment will prosper the most.
Been long myself in both due to mining craze....AMD continues to be a kick in the balls unexplainably, but yeah, NVDA, the unlikely stock to rally from an ATH of 1000% keeps on trucking to new highs. Granted AMD is spread in way more than GPUs and nvda has been chasing AI and automotive contracts.
It actually is very explained. Although AMD makes great products that are in demand, the company has serious fiscal problems. It has high expenses and debt and they're losing money. It doesn't even pay a dividend. Watch the video. The person is an expert and explains not only to look at the product the company is offering but what else to look for when deciding to purchase a stock.