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Mizuho says Nvidia needs to shift focus; Nvidia insider sells shares

Published 11/28/2017, 08:18 AM
© Reuters.  Mizuho says Nvidia needs to shift focus; Nvidia insider sells shares
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AMD
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  • Mizuho expects cryptocurrency mining to become far less meaningful for Nvidia (NASDAQ:NVDA) and Advanced Micro Devices (NASDAQ:AMD) next year.
  • Mizuho says the companies need to instead focus on growth areas including data center and PC.
  • The firm says mining currently accounts for 6% to 7% of revenue for both companies.
  • Insider selling: In other news, Nvidia board member Dawn E. Hudson sells 3,052 shares for $214.3861 each or about $654K total.
  • Nvidia shares are up 0.38% premarket
  • AMD shares are up 0.35%.
  • Previously: GE, Nvidia to partner in bringing AI platform to GE Healthcare (Nov. 26)
  • Now read: Basking In Its Own Brilliance: Nvidia


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