|Bid||12.36 x 2500|
|Ask||12.50 x 1000|
|Day's Range||12.25 - 12.56|
|52 Week Range||5.66 - 15.65|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Wells Fargo's David Wong and his team take a look at the graphics processor unit (GPU) business for semiconductor companies, writing that GPUs continue to see high growth, a factor that's boosted by their use for cryptocurrency mining. Ultimately Wong expects that the possibility that growth might moderate from the very strong year-over-year growth in the GPU market, along with uncertainty about the graphics demand for cryptocurrency, as well as competitive pressures from Advanced Micro Devices (AMD) could be a risk for Nvidia (NVDA), which he rates Underperform. First, a little detail--while GPUs' high growth continues, cryptocurrency confuses the results: Nvidia’s gaming platform revenue grew 52% year/year and increased 15% sequentially to $1.186 billion in its July quarter.
Many analysts are bearish on Advanced Micro Devices (AMD), as its earnings growth was largely driven by the cryptocurrency growth instead of Ryzen 7 and 5 CPUs (central processing units).