![]() ![]() It can be difficult to identify which market its GPUs are being purchased for since most customers don't specify why they're buying its chips. It would also likely dampen the volatility in Nvidia's GPU sales that often accompany Bitcoin's wild price swings, which investors would no doubt welcome. This, in turn, could bolster Nvidia's market share in this prized segment. He believes more of the company's graphics processing units (GPUs) could be made available for its key gaming customers ahead of the all-important holiday shopping season. Kumar sees a major overhang on Nvidia's shares abating as Bitcoin ( BTC 4.31%) mining's impact on its business lessens in the coming quarters. Nvidia's stock is a buy, according to analysts at Piper Sandler. ![]()
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