By CCN Markets: Nvidia's strides in gaming continue, helping the company beat analysts’ estimates on the top and bottom lines for its second-quarter earnings. However, the company’s earnings were lower than what it reported for the same quarter last year. This reflects the chipmaker’s continued struggles in competing with rival AMD. Still, the stock moved higher by 6% on the earnings beat. During...
As U.S. indices hit all-time highs, you probably don’t want to look at stocks that are also trading at or near their all-time highs. Instead, you might want to discover names that are far from their all-time highs but are showing signs of bullishness. It’s actually even better if you can find fundamentally sound equities that have gone through a significant correction and are now turning the...
By CCN: The Nasdaq-100 Index may have topped out - for now - leaving big names such as Apple Inc (AAPL) and Amazon (AMZN) vulnerable to the fury of the bears. Nevertheless, not all stocks in the index have a bleak short-term outlook. Several tech giants have already suffered vicious corrections and now offer investors surprising upside. Tesla Inc. (TSLA), Nvidia Corp. (NDVA), and Intel Corp...
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...
By CCN.com: After talking about a Full Self-Driving Computer (FSDC) for years, Tesla has finally made good its promise and unveiled the chipset during the electric carmaker’s Autonomy Day. Per the electric carmaker, the new chipset offers a performance that is 21 times better than its old hardware built by Nvidia. The chipset also boasts a neural network performance of 144 tera operations per...
It seems like people aren't feeling crypto, anymore. Bottom line effects on crypto traders and miners who churn out the tokens have been measurable. For large corporations who reaped the benefits of being in the space, the falloff is more measurable. Astutely aware of this, these companies are making changes. This includes those that benefited miners by supplying them with the necessary chips...
The Nasdaq Composite Index is on the verge of breaking out of its bear market. With a rebound of 12.9% since the infamous Christmas Eve massacre, tech stocks are on fire. But the winning streak could be halted by Nvidia’s earnings report tonight. Chipmaker Nvidia sent an unprecedented early warning to investors last month, bracing them for disappointing revenue figures. It slashed revenue...
According to a report by Markets Insider, Nvidia generated $1.95 billion in revenue from its crypto business. Although the official financial statement of the company disclosed a $602 million crypto-related revenue, RBC analyst Mitch Steves said that the actual number is at least three times higher. "We think NVDA generated $1.95 billion in total revenue related to crypto/blockchain. This...