The market sees the tech giant's gaming business as more durable and dependable than its sales to crypto miners, which have been known to rapidly reduce purchases when cryptocurrency prices fall. However, investors tend to value Nvidia's gaming-related sales more highly than its crypto-based revenue. It can be difficult to identify which market its GPUs are being purchased for since most customers don't specify why they're buying its chips. It would also likely dampen the volatility in Nvidia's GPU sales that often accompany Bitcoin's wild price swings, which investors would no doubt welcome. NVIDIA - NVDA Stock Forecast, Price & News 115.00 -0.86 (-0.74) (As of 12:00 AM ET) Todays Range 113.45 117.35 50-Day Range 115.00 192.15 52-Week Range 112.83 346.47 Volume 48.
This, in turn, could bolster Nvidia's market share in this prized segment. He believes more of the company's graphics processing units (GPUs) could be made available for its key gaming customers ahead of the all-important holiday shopping season. Announcements Future Ex-Dates Dividend Increases Guidance Best Dividends. Seasonality Event-Driven Big Money Stock Flow Insider Trades. Kumar sees a major overhang on Nvidia's shares abating as Bitcoin ( BTC -0.69%) mining's impact on its business lessens in the coming quarters. Order Imbalance New Listings Closed End Funds Splits Threshold List Performance By Industry Fast Cash Burn Report PDUFA Dates Mergers & Acquisitions. Nvidia's stock is a buy, according to analysts at Piper Sandler.
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