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AMD and Nvidia performed wildly different during the 2018 crypto crash — here’s why (AMD, NVDA)

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  • When the 2018 crypto crash rocked the cryptocurrency-mining industry, shares of the chipmakers Nvidia and AMD performed wildly different. 
  • Nvidia got hit hard in 2018 while AMD managed to post big gains.
  • One reason is that Nvidia is a pure graphics processing unit player, whereas AMD sells both GPUs and central processing units, an analyst said.
  • There’s a lot of optimism that AMD will gain market shares from Intel, he added.
  • Watch AMD and Nvidia trade live.

When the 2018 crypto crash rocked the cryptocurrency-mining industry, shares of the chipmakers Nvidia and AMD performed wildly different.

Nvidia lost 32% last year, but AMD gained a whopping 71%. And that’s no surprise in the eyes of Christopher Rolland, a semiconductor analyst at Susquehanna International Group.

“Some of the differences between the two stocks are simply because Nvidia is a pure GPU player, whereas AMD has GPUs as well, they also sell a lot of CPUs,” Rolland told Markets Insider.

Simply put, a graphics processing unit (GPU) can only do a fraction of the many operations a central processing unit (CPU) does, but it does so with incredible speed. Therefore, GPUs are more cost-effective for crypto mining, but CPUs have a broader consumer base. 

According to Rolland, the crypto boom in 2017 led both Nvidia and AMD to overproduce GPUs for crypto mining, causing an inventory problem when digital currencies crashed in 2018.

For AMD, thanks to its CPU business, the market has a lot more hope and optimism. “The prospects for their CPU business versus Intel are the best that have been in decades,” he said. 

Last year, AMD shares surged by more than 230% through the middle of September as rival Intel was contending with a production delay for its 10-nanometer chips. And while a research report later said Intel may have cured its production problem sooner than expected, analysts noted that the delay “opened the door for AMD to gain share in both servers and PCs – near and long term.”

Also at stake is that AMD is widely expected to roll out its 7 nm chips in the first quarter of 2019, which in theory provide better performance than 10nm ones. “There’s hope that they are going to gain market share from Intel,” Rolland added.

Another reason for the two stocks’ different performance, Rolland says, could be the timing of their financial reporting. Usually, Nvidia reports a month later than AMD, which means Nvidia has disclosed more information about its inventory issues.

“Nvidia has already confessed fully to the amount of inventory that’s out there,” said Rolland. “AMD has only half confessed.”

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More groups join in support of women in STEM program at Carleton

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OTTAWA — Major companies and government partners are lending their support to Carleton University’s newly established Women in Engineering and Information Technology Program.

The list of supporters includes Mississauga-based construction company EllisDon.

The latest to announce their support for the program also include BlackBerry QNX, CIRA (Canadian Internet Registration Authority), Ericsson, Nokia, Solace, Trend Micro, the Canadian Nuclear Safety Commission, CGI, Gastops, Leonardo DRS, Lockheed Martin Canada, Amdocs and Ross.

The program is officially set to launch this September.

It is being led by Carleton’s Faculty of Engineering and Design with the goal of establishing meaningful partnerships in support of women in STEM.  

The program will host events for women students to build relationships with industry and government partners, create mentorship opportunities, as well as establish a special fund to support allies at Carleton in meeting equity, diversity and inclusion goals.

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VR tech to revolutionize commercial driver training

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Serious Labs seems to have found a way from tragedy to triumph? The Edmonton-based firm designs and manufactures virtual reality simulators to standardize training programs for operators of heavy equipment such as aerial lifts, cranes, forklifts, and commercial trucks. These simulators enable operators to acquire and practice operational skills for the job safety and efficiency in a risk-free virtual environment so they can work more safely and efficiently.

The 2018 Humboldt bus catastrophe sent shock waves across the industry. The tragedy highlighted the need for standardized commercial driver training and testing. It also contributed to the acceleration of the federal government implementing a Mandatory Entry-Level Training (MELT) program for Class 1 & 2 drivers currently being adopted across Canada. MELT is a much more rigorous standard that promotes safety and in-depth practice for new drivers.

Enter Serious Labs. By proposing to harness the power of virtual reality (VR), Serious Labs has earned considerable funding to develop a VR commercial truck driving simulator.

The Government of Alberta has awarded $1 million, and Emissions Reduction Alberta (ERA) is contributing an additional $2 million for the simulator development. Commercial deployment is estimated to begin in 2024, with the simulator to be made available across Canada and the United States, and with the Alberta Motor Transport Association (AMTA) helping to provide simulator tests to certify that driver trainees have attained the appropriate standard. West Tech Report recently took the opportunity to chat with Serious Labs CEO, Jim Colvin, about the environmental and labour benefits of VR Driver Training, as well as the unique way that Colvin went from angel investor to CEO of the company.

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Next-Gen Tech Company Pops on New Cover Detection Test

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While the world comes out of the initial stages of the pandemic, COVID-19 will be continue to be a threat for some time to come. Companies, such as Zen Graphene, are working on ways to detect the virus and its variants and are on the forefronts of technology.

Nanotechnology firm ZEN Graphene Solutions Ltd. (TSX-Venture:ZEN) (OTCPK:ZENYF), is working to develop technology to help detect the COVID-19 virus and its variants. The firm signed an exclusive agreement with McMaster University to be the global commercializing partner for a newly developed aptamer-based, SARS-CoV-2 rapid detection technology.

This patent-pending technology uses clinical samples from patients and was funded by the Canadian Institutes of Health Research. The test is considered extremely accurate, scalable, saliva-based, affordable, and provides results in under 10 minutes.

Shares were trading up over 5% to $3.07 in early afternoon trade.

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