Wall Street still loves Nvidia despite warning about cryptocurrency revenue

Wall Street still loves Nvidia despite warning about cryptocurrency revenue

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/17/wall-street-still-loves-nvidia-despite-its-guidance-of-disappearing-cryptomining-chip-sales.html

Analysts are optimistic over Nvidia's growth due to a new product cycle even as a key market falters.

Nvidia shares are down 2.7 percent in Friday's premarket session, a day after it reported better-than-expected fiscal second-quarter earnings Thursday. The company gave sales guidance slightly lower than the Wall Street consensus for the fiscal third quarter and warned about future cryptocurrency-mining revenue.