The price can only go higher if things aren't somehow derailing due to something completely unforeseen.
well, if chips are being sold for $ which are then converted to BTC and distributed as dividends, the price of BTC going up (potentially) will have a downward force on dividends, thus on share price.
Infact, I remember reading here, last year, friedcat or someone else saying "miners make only sense to be priced in bitcoins", which makes sense since they will produce bitcoins... Why are they being sold for dollars now?
AM isn't selling miners, it's selling chips and as Canary pointed out, it costs dollars to produce those chips