Susquehanna analyst Christopher Rolland estimates that AMD (AMD) and Nvidia (NVDA) likely benefited from more than $500M in Ethereum-related GPU sales in Q4 and believes this trend continued in the first few weeks of 2018. Given this, and the still-high mining profitability for the cryptocurrency despite the recent drop in coin price, Rolland sees potential for upside to both AMD's and Nvidia's calendar fourth quarter results and perhaps their near-term guidance as well. However, he sees substantial longer-term risks for both as mining profitability may have induced "false purchases" of more and higher-priced cards, Rolland tells investors. Citing this risk, he cut his price target on AMD to $13 from $15, as he believes it may be more impacted by false purchases than Nvidia if Ethereum prices decline. Rolland keeps Neutral ratings on both AMD and Nvidia.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Microsoft (MSFT) is scheduled to report results of the third quarter of its fiscal year 2024 after the market close on Thursday, April 25, with a conference call scheduled for 5:30 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here

Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSAudioEye (AEYE) up... To see the rest of the story go to thefly.com. See Story Here

Friday's total option volume of 56.7 million contracts resulted in net open interest growth of 6.01 million calls and 5.28 million puts. NVIDIA (NVDA), Tesla (TSLA), Apple (AAPL) and Advanced Micro Devices (AMD) saw the greatest growth. Top five new positions opened include 50k Lyft (LYFT) May-24 20 calls, 44k Energy Transfer (ET) 4/26 weekly 16.5 calls, 43k Las Vegas Sands (LVS) Sep-24 41 calls, 23k Tesla (TSLA) 4/26 weekly 162.5 calls and 21k Papa John's (PZZA) Jun-24 57.5 puts.

SoftBank (SFTBY) is planning to spend Y150B, or $960M, by 2025 to boost the number crunching power at its computing facilities to develop world-class generative artificial intelligence, Nikkei Asia's staff writers report, citing sources. The company's computing power is likely to be among the highest in Japan once the investment is complete and graphics processing units will be bought from Nvidia (NVDA). Reference Link