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Nvidia Reveals Crypto Sales for First Time and Predicts Big Drop

May 11, 2018 admin Comments Off on Nvidia Reveals Crypto Sales for First Time and Predicts Big Drop

Nvidia Corp. revealed for the first time how much revenue it generated from chip sales to the cryptocurrency market — and said that figure will be much smaller in the second quarter. Demand from cryptocurrency miners was stronger-than-expected in the first quarter and translated into revenue of $289 million, Nvidia said Thursday on its earnings conference call. “Crypto miners bought a lot of our GPUs in the quarter and it drove prices up,” Nvidia Chief Executive Officer Jensen Huang said on a conference call. …read more […]

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Exclusive: Hedge fund Third Point seeks to launch ‘blank-check’ company – sources

May 10, 2018 admin Comments Off on Exclusive: Hedge fund Third Point seeks to launch ‘blank-check’ company – sources

(Reuters) – Daniel Loeb’s activist hedge fund Third Point LLC is in talks with investment banks about launching a “blank check” company that would raise money in an initial public offering to pursue an acquisition, according to people familiar with the matter.

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Israel, Iran engage in most serious confrontation in Syria

May 10, 2018 admin Comments Off on Israel, Iran engage in most serious confrontation in Syria

Israeli forces unleashed a heavy bombardment against Iranian military installations in Syria on Thursday in what Israel called retaliation for an Iranian rocket barrage on its positions in the occupied Golan Heights, the most serious military confrontation between the two bitter enemies to date. “If we get rain, they’ll get a flood,” Israeli Defense Minister Avigdor Lieberman warned. The scope of the attacks — which Israel called its largest in Syria since the 1973 Mideast war — raised the specter of a full-fledged war between Iran and Israel in Syria, a conflict that could potentially drag the militant …read more […]