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Minimizing the perception of downside risk in sales when it dries up to keep share prices higher than they otherwise would be. Had they come out and said appro
by blihp 4y ago
Minimizing the perception of downside risk in sales when it dries up to keep share prices higher than they otherwise would be. Had they come out and said approximately X% of a given quarter's sales were mining related, it would have most likely been priced into the stock as cyclical sales with a lower resulting multiple.
edit: this is an old story see previous discussion https://news.ycombinator.com/item?id=31284952 https://news.ycombinator.com/item?id=31284952
- Out_of_Characte 4y agoThats still strange as the lowered gaming sales are partly due to increasing prices from crypto miners and higher material costs. Their profit margin and sales only grew larger during this time
- Sakos 4y agoThe point is that it's unreliable income. The cryptomarket can crash, which will have an effect on future earnings. If nVidia isn't open about how much of their revenue is at risk, investors can't make informed decisions about investing in nVidia.