They rated Bitdeer’s stock a “buy,” citing the miner’s “overlooked” potential to disrupt the ASIC chip market, and raised its price target to $18. As of Feb. 24, BTDR trades at around $13 per share, ...

Application-Specific Integrated Circuit, or ASICs, are chips designed for specific tasks. Designing and manufacturing an ASIC helps companies save the amount of energy chip use and boost performance.

While Nvidia's GPU business remains dominant, with GPUs expected to make up two-thirds of TSMC’s AI-related demand this year, the rise of ASIC chips—led by Amazon (NASDAQ:AMZN) and Google ...