Meteoric Bitcoin Rally Won’t Rescue Nvidia’s Flailing Stock

2019-5-17 20:39

By CCN: Nvidia previously blamed its negative earnings report on “crypto winter,” the vaunted extended bear market which Bitcoin appears to have finally exited. The incredible rally of the past couple weeks means many industries related to crypto will see increased demand and valuation – everything from mining to software development will be in fashion again.

However, NVDA shareholders should not count on another cryptocurrency boom to rescue the ailing chipmaker. Analysts Worry about Nvidia as Stock Implodes Nvidia stock continues to teeter on the brink, and the company’s first-quarter earnings report isn’t looking very healthy, according to Wall Street

The post Meteoric Bitcoin Rally Won’t Rescue Nvidia’s Flailing Stock appeared first on CCN

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nvidia stock bitcoin rally rescue flailing crypto

Источник: ccn.com

nvidia stock → Результатов: 21

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Nvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business

Shares of Nvidia plunged as much as 17 percent in after-hours trading on the Nasdaq Stock Market on Thursday, after the U. S. bitcoin mining equipment maker reported unexpectedly weak revenue for the third quarter.

2018-11-16 17:30
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Nvidia Shares Fall 19% After Company Reveals Q4 Revenue Might Fall Short By $700M Due To Falling Crypto-related GPU Demand

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Word on the Street: Tether resumes peg but bank relationship still dubious

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Toronto Stock Exchange to Trade New Blockchain ETF

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