The Dow lost 6 straight days ending last week. Its down over 800 points in the last 45 days. You can't narrow 'why's down to 1 day when the Dow corrects opposite your favorite or least favorite tech stock.Why are tech stocks down because of Greece, but the DOW is up? and Nvidia having some of the worst performance today of all the stocks. Doesn't make sense.
You might want to go here and share your bitcoin miner war stories .Its because they stink at bitcoin mining. For shame.
Hehe.. I know a few people who are addicted to green paint.You might want to go here and share your bitcoin miner war stories .
Miner Who Reported Brain Damage Tells All
Bitcoin Addict - a confessional blog, now with images of the addicted
Everything is a risk. However they were run out of the chipset business years ago. They have replaced that revenue stream with other products.Whether or not the current stock price is reflecting Nvidia's future outlook, I'd say Nvidia stock is a risky proposition:
- They've been chased out of the chipset business -- they've lost the high volume / low end market.
- GPUs on CPUs from Intel and AMD are getting to be actually useful. Within a year or so, I bet the majority of systems sold to home users from Best Buy or Dell won't even have video outside of the CPU. (Nvidia will lose a chunk of the middle performance market here.)
- Nvidia is left with high end / low volume gamers and professional cards. (Low volume!)
- Nvidia's cellphone / tablet SOC chips are facing heavy competition from multiple manufacturers.
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