Crypto-mining hangover continues to hit AMD and Nvidia

The crypto-mining craze is fully behind us. Few people are still using PC graphics cards to mine for Bitcoin-like cryptocurrency, and that has pushed shipments back down for the GPU market.

Shipments of new GPUs were down 2.2 percent year-over-year in the third quarter of 2018, according to industry intelligence firm Jon Peddie Research. That dip was due primarily to AMD and Nvidia, as Intel’s integrated chips saw some growth. JPR founder, Dr. Jon Peddie, explained that shipments slowed for a number of reasons. But an overabundance of supply means that Nvidia and AMD were trying to sell cards it had already shipped.