|Bid||111.52 x 800|
|Ask||111.72 x 900|
|Day's Range||111.64 - 112.24|
|52 Week Range||65.68 - 121.13|
|Beta (3Y Monthly)||0.03|
|PE Ratio (TTM)||42.57|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||123.75|
Mellanox's (MLNX) second-quarter earnings are expected to benefit from robust adoption of Ethernet and InfiniBand solutions.
Nvidia (NASDAQ:NVDA) stock has become a frustrating investment for longs. Over the last five years, NVDA has gone from a stock left for dead to becoming a driver for tech innovation. Certainly, in the coming years, Nvidia chips will probably power many of the latest technological advances. Click to Enlarge Source: Shutterstock The recent trading patterns of NVDA stock have left many investors confused. The stock has twice bounced back from close to the $130 per share level.However, with the stock seeing two significant pullbacks since October, Nvidia stock seems to lack a catalyst that will take it back to its highs. Until investors see more convincing price action, they should probably avoid Nvidia stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Defense Stocks to Buy to Fortify Your Portfolio Nvidia Has a Solid FutureRarely do investors see such a stark divergence between short term and long term. In the long run, prospects appear bright for NVDA. Nvidia should remain a leader in artificial intelligence (AI), virtual reality (VR), self-driving cars, and data centers, on top of its core gaming capabilities. Also, its recent move to acquire Mellanox (NASDAQ:MLNX) will likely bolster its data center capability.To be sure, NVDA faces still competition from old rivals, Intel (NASDAQ:INTC) and especially AMD (NASDAQ:AMD). As our own Tom Taulli states, AMD may have even taken the performance lead on PC gaming hips.InvestorPlace contributor Dana Blankenhorn also mentions the AI-based cloud solution will also put Nvidia at odds with Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT).Still, I also agree with Taulli that this challenge from AMD will likely spur Nvidia's R&D arm to speed the pace of innovation. Blankenhorn also points out that the development of the SuperPod should further demonstrate this competitive edge. As consumers and businesses widely adopt this technology, NVDA will probably rise well above the $292.76 per share record high. NVDA Is Range-BoundUnfortunately for Nvidia bulls, it will take years for any of this to help investors. Buying NVDA now for its long-term prospects could lead to years of frustration. Here's why.With the stock price close to $170 per share, it has risen substantially from its intraday low of $132.60 per share in early June. Admittedly, many would envy a 28% return over six weeks. Still, less than six weeks before hitting that low, NVDA peaked an intraday high of $192.81 per share before the drop.We do not know for sure what NVDA will do until we see how it behaves at the low-$190s per share level again. However, the price action indicates it may have become stuck in a range. At this point, I think investors should consider this a range-bound stock until proven otherwise.At the $170 per share price level, that means investors have slightly more than a 10% upside before the Nvidia price nears the top of that range. The downside of the range would mean a 20% to 25% loss. Hence it makes little sense to buy at this level.It also does not pay to buy and wait for the eventual long-term upside. NVDA has built a six-year streak of dividend increases. I also see little that would compromise future annual payout hikes. However, the 64-cent per share annual dividend yields only 0.38%. Traders can earn more than that on their money at the bank without the risk. The Bottom Line on Nvidia StockUntil proven otherwise, investors should assume that NVDA is a range-bound stock. Nvidia stock looks like a buy below $140 per share. It also becomes a likely buy if it stops falling below the $190 per share level. Hence, at around $170 per share, traders have more potential downside than upside in the short term.Once Nvidia's technologies see widespread adoption, the range should break. However, without a catalyst, investors face a negligible payout and possibly years of range-bound trading in their future. Until Nvidia gives traders a reason to buy it, I would stay away.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post Unfortunately, Nvidia Stock Won't Be Going Anywhere for Awhile appeared first on InvestorPlace.
Mellanox (MLNX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
As analysts wonder whether the chip slump is over, Nvidia (NASDAQ:NVDA) is engaged in a highly-publicized fight with Advanced Micro Devices (NASDAQ:AMD) over the gaming market.Source: Shutterstock Is the new AMD chipset as good as Nvidia's GeForce graphics cards? Are the new Nvidia boards much better for gamers at all?All this is of great interest to gamers like my son, who asked all weekend whether he should plunk for a new graphics engine on his 3-year-old PC. It may even stimulate near-term volatility and profits for short sellers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut if you're a long-term investor and see strength 10 years ahead of you instead of infirmity, this is not where the game is. The game for you is artificial intelligence. It's in the clouds and new devices we can barely imagine today. * 7 A-Rated Stocks to Buy for the Rest of 2019 That's the game Nvidia aims to win. The AI GameNvidia has been focused on the cloud market in recent years, specifically in general purpose chips that accelerate the work of clouds. They dominates that market the way Intel (NASDAQ:INTC) once dominated PCs.Rivals are hiding in niches, trying to turn what had been field-programmable gate arrays (FGPAs) into competition for general purpose Nvidia chips. Xilinx (NASDAQ:XLNX), Intel and AMD are all doing similar things. But Nvidia still has the most complete solution for cloud-based artificial intelligence (AI). That will become more apparent once its acquisition of Mellanox (NASDAQ:MLNX), whose "networking fabric" delivers optical speeds within data centers, is complete.Nvidia's recent construction of its own AI computer, dubbed the SuperPod, demonstrated just how big its data center ambitions are.Nvidia's competition won't come from other chipmakers but from the cloud giants themselves. Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), Microsoft (NASDAQ:MSFT) and Amazon (NASDAQ:AMZN) are all working on AI chip sets for their clouds, knowing that keeping costs down on scaled infrastructure is still their key to success.To win them over Nvidia is demonstrating inference chips with 32 "chiplet" processors, while commercial chips are running with four or eight processors. Nvidia's processor is like a cloud on a chip.None of this is cheap. Nvidia's research budget last year came to nearly $2.4 billion, one-third more than the previous year. That's twice as much as it spends on selling and general administration, over one-third of total operating spending. But if it keeps Nvidia ahead of its customers, it's money well-spent. NVDA Has Much to WinThere's a common misperception among investors that everything falls in a recession.It's not true. Throughout this century technology has recovered ahead of the general economy. Technology that can cut costs, not just create new markets, has done especially well.That's where Nvidia expects to win. Replacing labor, even intellectual labor, with machines boosts productivity once customers realize they must either innovate or die. It eliminated middle managers in the 2000s, insurance salesmen in the 2010s, and is bound to eliminate millions of drivers and machine operators in the next decade.What will be left will be the value those jobs provided. Deliveries will still reach you, just as you can still buy insurance and run a scaled enterprise. A recession that other companies anticipate with dread, Nvidia approaches with hope. The Bottom Line for Nvidia StockNvidia's 0.39% dividend yield is not the reason you buy the stock. Income investors should look elsewhere.Nvidia's short-term growth prospects are also poor. It brought in $2.22 billion during the first quarter of its 2020 fiscal year. It's expected to bring in just $2.55 billion this quarter, which will be reported August 15. At its current pace, it will be tough to match last year's $11.7 billion.You buy Nvidia with your eyes on the horizon -- three years, five years, 10 years out. CEO Jensen Huang is 56. He should be around for the next decade.He's a name worth betting on.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AMZN and MSFT. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks to Buy for the Rest of 2019 * 7 Education Stocks to Buy for the Future of Academia * 5 Stocks to Buy as You Rebalance Your Portfolio The post Nvidia Stock: Itas Not All in the Game appeared first on InvestorPlace.
Strategic Investments Drive Scalable Datacenters with Hybrid Software Defined Flash Controllers and Computational Storage Technologies
Nvidia (NASDAQ:NVDA) stock has performed very well since the beginning of June, and as the chart below shows, shares of NVDA are up nearly 12% since then.Compare the gain in Nvidia's share price to the VanEck Vectors Semiconductor ETF (NYSEARCA:SMH), which is up just 6.8%. But considering this quick run-up in Nvidia's stock, it would be wise to wait for a pullback before jumping in for the long haul. Bad News Is Priced In Click to Enlarge Source: Yahoo Finance Much of the bad news for Nvidia has already been priced in by the market. During their most recent earnings report on May 16, Nvidia's management did not give an outlook for the remainder of the year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, they warned about continued softness in Nvidia's datacenter segment and issues with a CPU shortage in the gaming segment.When those issues are combined with the well-known issue of continued revenue declines from cryptocurrency miners, it appears any bad news is already known by the market."The data center spending pause around the world will likely persist in the second quarter and visibility remains low," said Colette Kress, EVP & CFO on NVDA's Q1 2019 earnings call. "In gaming, the CPU shortage while improving will affect the initial round of our laptop business." Pending Acquisition of Mellanox TechnologiesOne of the potential catalysts for Nvidia to drive growth is the pending acquisition of Mellanox Technologies (NASDAQ:MLNX), which is expected to close by the end of the year. The deal is important for Nvidia, because it provides growth at a time when growth has been lagging.During the Q1 earnings press release, the company noted that the deal would be immediately accretive upon closing. The one wildcard for this deal being finalized is the fact that it needs approval from China.Therefore, if there are continued trade tensions with China, the completion of the deal could be delayed or rejected. That is something investors should consider in their decision making process.From Nvidia's earnings press release:"Once complete, the combination is expected to be immediately accretive to Nvidia's non-GAAP gross margin, non-GAAP earnings per share, and free cash flow. The transaction is expected to close by the end of the calendar year." Appealing Long-Term Technical OutlookMany investors will look at technical analysis as part of their decision process when determining to buy a stock, however many investors usually focus on short-term timeframes. When looking at short-term timeframes, shares of Nvidia are overbought, which is why some caution should be exercised.For stocks that I am considering holding for an extended period of time, I like to look at the long-term technical outlook, which means looking at a weekly or monthly chart versus the standard daily charts that many investors look at. Click to Enlarge Source: TradingView The adjacent chart paints a bullish picture for the technical outlook for Nvidia. The RSI on the weekly chart is still below 50 and both lines of the MACD are still below zero. Given these data points, I expect shares of Nvidia will retest the $200 level sometime this year. Bottom Line on NVDAIn closing, I believe Nvidia is a quality company at the intersection of a number of important trends, ranging from the data center to autonomous driving. If the pending acquisition of Mellanox Technologies is approved, it will provide an additional avenue of growth in the future.Since the bad news is known by the market, and considering Nvidia's future growth prospects, it makes sense to be on the lookout for a quality opportunity to enter NVDA for the long-term.The time to enter is not at this moment in time, given the short-term overbought conditions that are present. Once the short-term overbought conditions subside, there should be an opportunity in the near future to be able to enter for the long-term.As of this writing, Brad Kenagy does not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy -- According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 The post 3 Reasons to Buy Nvidia Stock (Once It Pulls Back) appeared first on InvestorPlace.
[Editor's Note:Dividend information in this article was corrected on July 5, 2019.]The stock chart of Nvidia (NASDAQ:NVDA) over the last year has been nothing if not scary.Source: Shutterstock As recently as last September,Nvidia stock price was over $280. After the tech wreck, a long, grinding slog brought NVDA back to $190. After another fall in May (thanks to President Trump), Nvidia stock price has declined to $162.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith a market cap of $99 billion, Nvidia is back to trading at 30 times its earnings and about nine times its revenue, and analysts are starting to once more pound the table for it.Wedbush analyst Matthew Bryson is among the bulls on NVDA. He recently put an "outperform" rating on Nvidia stock, praising its pending $6.9 billion acquisition of Mellanox (NASDAQ:MLNX).So, is it time to buy NVDA? Why NVDA's Outlook Is PositiveAny long-term analysis of technology trends indicates that Nvidia's best days are ahead of it. * 10 Stocks That Should Be Every Young Investor's First Choice Gaming keeps growing, and Nvidia remains the leader of the gaming-chip sector. NVDA is still at the heart of autonomous driving and advanced robotics. Nvidia was able to build an artificial-intelligence supercomputer in just three weeks, mainly using its own resources.Nvidia does face new competition in AI, but those competitors are operating in niches. Its growing software ecosystem gives it a complete machine-learning offering that competitors can't match. Its future in the cloud seems secure.That lead should expand as NVDA begins supporting Softbank's (OTCMKTS:SFTBY) ARM architecture, which competes directly with Intel (NASDAQ:INTC), in high-performance computing. Right now 22 of 39 analysts following Nvidia stock say that investors should buy it.As a result of these trends, many people have started calling NVDA a "no-brainer" investment again. The technical indicators of Nvidia stock going into earnings, due to be reported on Aug. 15, are positive. NVDA has beaten analysts' average earnings estimates for the last two quarters.If the chip slump really is ending, Nvidia looks very well-positioned. Analysts are bullish on NVDA because they expect the growth of the chip sector to resume. The Bear Case on Nvidia StockThere are still those who are bearish on NVDA because they fear that the chip slump could return or that Nvidia's competitors could reduce its dominance.That is good. It creates a "wall of worry" that acts as friction to a rising stock price. It's better, in a way, than having analysts compete to see who can praise the stock more.Some analysts believe that a cyclical recovery is already priced into Nvidia stock. Others worry that its continuing dependence on China, from which it derives 44% of its revenues, leave it one tweet away from disaster. Finally, guidance from Nvidia's management has been cautious.The bears' beliefs appear to be based on short-term thinking. For young investors with money to put to work, whether the slump ends this quarter or next isn't nearly as important as how long a recovery might last and where its peak might be. Trading may be based on tweets, but investing should be based on fundamentals. The Bottom Line on Nvidia StockAs I have written before, not every stock is right for every investor.NVDA is the kind of stock you should buy if you look good in a leather jacket. Its dividend yield is around 0.4%. The revolution it's enabling lies ahead. The chip industry remains subject to booms and busts. If you might need your money tomorrow, or you need income from your investments, NVDA is not the stock for you.Younger investors seeking long-term capital gains, however, should buy NVDA stock now.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy -- According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 The post Is It Time to Buy Nvidia Stock? appeared first on InvestorPlace.
Mellanox® Technologies, Ltd. , a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced that it will release its financial results via press release for the second quarter 2019 after the market closes on Wednesday, July 24, 2019.
Needless to say, the Trump Administration's decision not to slap additional tariffs on Chinese imports and to let Huawei's U.S. suppliers resume some of their sales to the Chinese tech giant is a positive for chip stocks. rise about 2%, isn't merely a positive for the group simply because it could let Huawei's many U.S. suppliers resume selling chips for Huawei products that aren't considered national security risks, or even because it also lowers the odds of new trade restrictions that could hurt their sales to other clients. It's also welcome news because it raises the likelihood that Beijing won't try to block major chip M&A transactions involving U.S. suitors.
In this morning's Market Recon, I discussed taking profits on short-term trades, and why I felt that is part of one's discipline. Now, assuming that enough of you are either long Nvidia, or at least have an interest in the name, let's take a look under the hood and make a more determined decision here. Traders will recall that Wedbush analyst Matthew Bryson initiated coverage of both AMD and NVDA on Thursday at "Outperform" (I am long both).
Providing World’s Leading Performance and Energy Efficiency for High Performance Computing and Artificial Intelligence Applications
RAWABI, West Bank/TEL AVIV (Reuters) - Palestinian engineers working for Israeli chip designer Mellanox Technologies are poised to share a $3.5 million payout when the company's takeover by U.S. chip supplier Nvidia Corp is completed. Mellanox is one of a handful of Israeli firms that have begun to collaborate with the emerging Palestinian tech scene, bypassing the political conflict to tap a growing pool of engineers at costs they say are comparable to hiring from engineering expertise in India or Ukraine. The chip maker offered stock options to more than 100 Palestinian engineers in the occupied West Bank and Gaza Strip when it hired them as contractors, even though they are not permanent staff, as a shortage of engineers in Israel makes their skills highly sought after by multinationals.
Providing World-Leading Performance and Scalability for Compute and Data Demanding Applications, Accelerating Research, Scientific Discoveries and Product Development
Mellanox InfiniBand and Ethernet Solutions Connect 296 Systems or 59% of Overall TOP500 Platforms, Demonstrating 37% Growth in 12 Months ;
Mellanox Technologies Ltd NASDAQ/NGS:MLNXView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for MLNX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MLNX. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding MLNX totaled $96 million. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The market has been volatile in the last 6 months as the Federal Reserve continued its rate hikes and then abruptly reversed its stance and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF […]
Well, that didn't take long. Nvidia (NASDAQ:NVDA) stock has slumped more than 10% since I warned investors that Nvidia had farther to fall a few weeks ago. And even with the stock market roaring higher this week, Nvidia stock has only managed a modest recovery.Source: Nvidia Investors remain down on Nvidia's prospects for several good reasons. The pop in gaming revenues is nice, but there is only so much to be had there. The Bitcoin-powered sales boom is never coming back. Meanwhile, Nvidia's revenues are declining in its other major business segments. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% Nvidia: Looking For A New Board Member?While Nvidia has plenty of business issues to worry about, the company now faces a public relations issue of a most unlikely source. One of the members of its Board of Directors, Mark Stevens, got into a brawl at the NBA finals.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStevens is a prominent tech industry investor, having worked for Sequoia. He is also a part owner of the Golden State Warriors, who are in the NBA finals.Stevens was courtside at a game between the Raptors and his Warriors on Wednesday. At one point, Raptors point guard Mark Lowry dove into the stands chasing the ball. At that point, Stevens started cursing at Lowry and made physical contact. Stevens was ejected from the game, fined $500,000, and banned from attending future Warriors games. The Raptor player said that:"He had no reason to touch me. He had no reason to reach over two seats and then say some vulgar language to me. There's no place for people like that in our league. Hopefully, he never comes back to an NBA game."CNBC reached out to Nvidia to ask about the company's reaction to their board member's most disappointing public behavior. However, Nvidia's spokesperson declined to comment on the incident. Regardless, it wouldn't be at all surprising if Nvidia asks Stevens to resign going forward. Additionally, ESPN reported that LeBron Stevens is demanding "swift action" to be taken against Stevens for his misconduct. Bitcoin and NVDA StockTurning away from Nvidia's board and back to its business brings us to Bitcoin. The price of Bitcoin surged from $4,000 in April to $5,500 in May and then $9,000 early in June. In the past, NVDA stock would have surged with such a euphoric move.Nowadays, however, NVDA stock keeps going down and down, even as crypto enjoys its best moment since December 2017. The fundamental problem here is that most miners no longer use Nvidia or AMD (NASDAQ:AMD) cards for mining. Instead, they use specialized high-end gear.You can still do profitable and efficient mining with Nvidia gear for some altcoins. But, at least so far, the current Bitcoin run has been mostly in Bitcoin itself, rather than the whole crypto universe. Crypto will have to get far more momentum going again before it will benefit Nvidia stock this time around. Don't read too much into the pop in gaming revenue from the last quarterly earnings report. The glory days of late 2017 aren't coming back again. China and Nvidia StockIronically, the current run in Bitcoin is arguably due to the trade war situation with China. Rumors abound that much of the Bitcoin buying is coming from Chinese folks who are eager to transfer capital out of the country. The Yuan has weakened sharply in recent weeks and there are reports of capital flight. That's great news for Bitcoin, but it's not good news for Nvidia anymore.Instead, Nvidia is suffering from a dramatic demand slowdown as companies are loath to invest money without knowing what the playing field will look like in the coming months.In the recent stock market decline, the S&P 500 fell seven percent. However, the semiconductor industry, as measured by the VanEck Vectors Semiconductor ETF (NYSEARCA:SMH) fell nearly 20%.The Trump Administration's battle with Huawei, in particular, threatens to cast a dark shadow over semiconductor stocks going forward. The tariffs alone are a major issue that will greatly reduce demand in the industry, but the prospect of Huawei being frozen out of the U.S. market adds a whole new dynamic.If the trade war drags on, Chinese companies will stop buying parts from U.S. suppliers and rebuild their supply chains with chips from other suppliers, which would permanently lower sales going forward. Nvidia Stock VerdictYes, I know Nvidia stock has plummeted over the past year. In fact, since its high of $293 per share, NVDA has lost more than half of its value. At this price, it must be cheap, right?Sorry, but it's not. NVDA stock is still selling for more than 25x forward earnings. It pays an anemic dividend yield of just 0.4%. Revenues shrank 31% year-over-year.And anyone hoping that the upcoming Mellanox (NASDAQ:MLNX) merger would fix things is bound to be disappointed. That merger is under increasing scrutiny due to the trade war as well.Mellanox stock has dropped sharply in recent weeks as uncertainty around the deal mounts. Even discounting Mark Steven's boneheaded behavior and its poor reflection on Nvidia, the company has plenty of other pressing problems. There's no rush to buy NVDA stock here.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% * 7 Stocks to Buy That Don't Care About Tariffs * 5 Healthcare Stocks to Pick Up From the Wreckage Compare Brokers The post The Endless Plunge Plaguing Nvidia Stock Still Isn't Over appeared first on InvestorPlace.
Steve Sanghi, CEO of Microchip Technology and a Mellanox director, bought $2.21 million of Mellanox stock earlier this week.
Security Leader Integrates Mellanox Switches into its Hyperscale Security Appliances, Driving Mellanox Past the One Million Port Milestone
Magnetar Capital is an Evanston, Illinois-based multi-strategy asset manager that was founded in 2005 by Alec Litowitz and Ross Laser, who previously worked at Citadel LLC and Glenwood Capital Partners, respectively. The fund was launched with $1.8 billion, which represented one of the biggest hedge fund initial capitals at the time. At the very beginning, […]