TSMC Says Crypto Strong Again? Good for AMD NVIDIA

TSMC said they saw, "strong demand from crypto mining" in Q2. AMD and NVIDIA had cut crypto estimates for Q2.

For Q2 AMD (NASDAQ:AMD) said, they expect a "modest decline in graphics due to blockchain."

NVIDIA (NASDAQ:NVDA) said, "Looking into Q2, we expect crypto-specific revenue to be about one-third of its Q1 level."

TSMC's telling you Q2 was strong, not as bad as people would have thought. That sounds much better than AMD or NVIDIA expected.

Like we said ahead of Q1's reports TSMC hinted to strong crypto then while AMD and NVIDIA were being swarmed by bear stories.


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