As Nvidia disappointed its investors on Monday, by cutting its quarterly revenue guidance by $500 million to $2.2 billion, other graphics card manufacturers have also been influenced in their stock price.

Nvidia CEO Jensen Huang described Q4 2018 as “an extraordinary, unusually turbulent, and disappointing quarter” and citing a decline in crypto mining as well as worsening economic conditions in China in a letter to shareholders.

Nevertheless, Nvidia’s rival AMD launched its Q4 revenue report and annual 2018 financial results on Jan. 29, which is much more satisfactory. According to the report, AMD’s annual revenue grew by more than $1.2 billion with the highest profitability in 7 years. For the fourth quarter of 2018, the company reported revenue of $1.42 billion, which slightly fell short of estimates of $1.44, but still satisfied Wall Street’s expectations. It stock surges over 20% after its financial report released.

However, ADM has provided lower-than-expected Q4 guidance last quarter due to the decreasing GPU demand from cryptocurrency miners. The financial statement stated that the company made almost no revenue from the cryptocurrency network. The continued softness in the crypto industry leads to a significant sales price drop in ADM’s graphics cards. For example, its Radeon RX580 device had lost almost 70 percent of the sale price at the end of 2018.

Under the rising market pressure, technological innovation is the key to win the ‘chip war”. Dr. Su indicated challenges for graphics markets, adding that:

“Despite near-term graphics headwinds, 2019 is shaping up to be another exciting year driven by the launch of our broadest and most competitive product portfolio ever with our next-generation 7nm Ryzen, Radeon, and EPYC products.”

According to AMD CEO Dr. Lisa Su, much of this rise in growth can be attributed to the Ryzen chip benchmarks. She also expected a further 30% increase in Ryzen desktop processor sales and a 50% increase in notebook processor sales with the introduction of the 2nd generation Ryzen mobile chips and 3rd Gen desktop chips.