Tag Archives: RBC

Cryptocurrencies May Boost Nvidia By 18%: RBC

The prices of leading cryptocurrencies​ are rocketing upwards at accelerating rates, and that’s good news for investors in semiconductor manufacturer Nvidia Corp. (NVDA), whose shares are poised to rise 18% from today’s levels, according to RBC Capital Markets, a division of the Royal Bank of Canada (RY). The mining of various cryptocurrencies requires fast graphics processing […]

Nvidia: As Institutions Pile into Ethereum, Rising Prices to Lift GPUs, Says RBC

A rise in crypto-currencies such as Ethereum is good news for Nvidia (NVDA) investors, according to a note today from RBC Capital‘s Mitch Steves, who reiterates an Outperform rating on the shares, opining the price rises will propel use of Nvidia’s GPUs for as long as prices keep rising. The “payback period” for crypto-currencies has […]

China Cryptocurrency Ban Only Fuels GPU Sales: RBC

As news broke last Thursday that the Chinese government had moved to halt the exchange of digital currencies in the country, prices for cryptocurrencies such as bitcoin took a dive. Investors also remain fearful as to what the ban means for chipmakers including NVIDIA Corp. (NVDA) and Advanced Micro Devices Inc. (AMD), who have seen […]

Nvidia: China Crypto-Currency Ban Only Fuels Their GPU Sales, Says RBC

A ban on crypto-currencies by China’s government on Thursday will likely drive up the “mining” of bitcoin and the like, writes RBC Capital analyst Mitch Steves, in a report to clients regarding Nvidia (NVDA) and Advanced Micro Devices (AMD), which makes tools for bitcoin discovery. Banning the currencies only drives more use of the GPU chips sold by both […]

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