Creative Destruction
“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.”
— Nassim Taleb
What We’re Looking At
Advanced Micro Devices
The surging demand for Ethereum cryptocurrency is the best explanation why Advanced Micro Devices (AMD) reportedly gained market share in discrete GPU (Graphics Processing Units) in Q2 2017. The new generation Radeon RX Vega 56 and Vega 64 only got unveiled this August. Ethereum mining’s surge starting last April is the obvious catalyst why AMD saw greater sales of its Polaris-era Radeon GPUs.
AMD’s continuous catering to Ethereum miners will help it increase its market share in discrete GPU cards. Investors are hoping for AMD to eventually get more than 40% share in discrete GPU sales, Ethereum could help towards this goal. It has been more than 10 years since AMD bought ATI’s Radeon GPU business. Shareholders are eager to see if AMD’s gamble on Radeon GPU IPs will finally break Nvidia’s long-running dominance over discrete graphics processing units.
EURUSD
- EURUSD breaks above 200ma on Weekly Chart
- Economic pendulum should swing the EUR to target 1.25
- Buying EUR on dips, stops above 1.20 at risk of being bulldozed
SEKUSD
- Swedish Krona takes its cue from the Euro. If the European reflationary narrative remains, the Riksbank should be looking to tighten soon
- SEKUSD is at a crucial juncture on the weekly chart, facing resistance and 200ma. If it breaks above, things will look “constructively” interesting
Tread Lightly,
Nicholas Koh
