AMD 6800 XT GPU Mining and the rise of AMD stock

AMD, whose share price nearly doubled in 2020, seems to have enough momentum to replicate its performance in 2021.

According to the research data analyzed and published by Finaria, AMD’s share price shot up by 99.98% in 2020. It ranks second out of 31 stocks on the IBD Electronics-Semiconductor Fabless Industry group. On the IBD stock checkup tool, it has a rating of 98 out of 99.

 The AMD stock is trading at $89.10 as of January 21, 2020. Based on a Wedbush Securities estimate, its share price could reach $110 by the end of 2021.

AMD’s Market Share of x86 CPU Market Set to Rise to 50% in 2021

According to Mercury Research data, AMD closed Q3 2020 with a 22.4% share of the CPU market. Compared to Q3 2019, that was an increase of 6.3 percentage points and was the company’s highest market share since Q4 2007.

Based on a Rosenblatt Securities projection, it could boost its x86 CPU market share to as high as 50% in 2021.

In 2020, AMD PC sales totaled 30 million, the highest figure on record since 2014. AMD projects that in 2021, its notebook PCs designed with AMD chips are set to increase by 50%. It expects over 150 new PCs running the new Ryzen 5000 processor, starting in February 2021.

Yahoo Finance states the company’s revenue could grow by nearly 27% in fiscal 2021 and its earnings per share (EPS) could increase by 48%.

On the other hand, AMD’s semi-custom business (gaming and server segments) revenue nearly doubled in Q3 2019, rising by 116% year-over-year (YoY) to $1.13 billion.

Notably, AMD powers the Xbox Series X and Sony PS 5 consoles. In only four weeks after its launch, Sony PS 5 sold 3.4 million units. A study by Mercury Research states that Intel holds 93.4% of the server market. By the end of 2021, it is estimated that AMD will grow its server market share to 20%.

AMD 6800 XT GPU Mining

Ethereum (classic) days are numbered, but with pricing going past $1400 already in 2021 and ETH 2.0 not set to really get underway until sometime in 2022, "proof of work" mining is going nuts right now. It's difficult to even land a purchase of oany GPU!  There are obvious giant bumps in revenue that come from that sort of demand.

The AMD RX 6800 XT and AMD RX 6900 XT have prooved to be a little disapppointing in the way of GPU mining ETH though - more so from the keynote hype in 2020. But they still boast an impressive 65+ MH/s rate running less than 200 watts per card, and that's without any sort of BIOS mods (which can be dangerous).

Compare that mining to their standard RX 570 and RX 580 series which sort of became the standard a few years ago and could barely mine 22+ MH/s running at the same wattage and you see why the 6000 series cards are worth the money.

All of this, and the driver support is still pretty fresh so those scores are bound to get better. With some further tuning, my guess is the top end for the 6000 series cards could go past 75 MH/s soon.

Oh and by the way, at current ETH prices, 4 -  6800 XT cards can mine around $17 a day in ETH coin.