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Fly News Breaks for May 16, 2019
INTC, NVDA
May 16, 2019 | 07:09 EDT
Shares of Nvidia (NVDA) have pulled back 16% since Intel (INTC) reported data center weakness and as such, the "cat is already out of the bag," Citi analyst Atif Malik tells investors in a research note previewing Nvidia's April water results. He believes buy-side focus is on data center and that expectations are for flat data center sales in the July quarter. However, the analyst models data center sales down 5% quarter-over-quarter. Nonetheless, Malik believes the data center weakness is priced in and he keeps a Buy rating on Nvidia.
News For NVDA;INTC From the Last 2 Days
INTC, NVDA
Jun 14, 2019 | 10:53 EDT
Shares of Broadcom (AVGO) are lower in morning trading after the company's quarterly revenue missed analyst estimates and lowered its revenue for the fiscal year, saying it sees a "broad-based slowdown" in the demand environment. Following the report,... To see the rest of the story go to thefly.com. See Story Here
NVDA
Jun 14, 2019 | 10:07 EDT
As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on... To see the rest of the story go to thefly.com. See Story Here