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Goldman gets less bullish on Nvidia due to crypto mining exposure risk [CNBC]

NVIDIA (NVDA)  More Company Research Source: CNBC
Last nvidia earnings: 5/10 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
PDF Goldman Sachs reiterates its buy rating on Nvidia shares, but removes the chipmaker from its conviction list. The firm's analyst says cryptocurrency mining revenue deserves lower valuation multiples. Published 4 Hours Ago Updated 1 Hour Ago CNBC.com Rick Wilking | Reuters Jensen Huang, CEO of Nvidia, shows the NVIDIA Volta GPU computing platform at his keynote address at CES in Las Vegas, January 7, 2018. The volatility inherent in the cryptocurrency mining business is making a top Wall Street firm slightly less bullish on Nvidia . Goldman Sachs reiterated its buy rating on Nvidia shares, but removed the chipmaker from its conviction list, citing concerns over its digital currency business. While we continue to see meaningful upside to FY2019/2020 estimates and maintain our Buy rating, we believe a) the long-term secular growth angle in Datacenter is now better-understood, and near-term dyna [Read more]

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