$225 Billion Abu Dhabi State Fund Dumps 35 Million AMD Shares for Cash – Has the Chipmaker Hit a Market Top?

Sovereign wealth fund Mubadala Investment Co has announced the sale of nearly 35 million shares in semiconductor firm Advanced Micro Devices (AMD). According to Reuters, the state fund of Abu Dhabi disposed of 34.9 million common equity shares in AMD. Mubadala also intends to convert 75 million warrants in the chipmaker into common equity shares. After the conversion Mubadala will have an ownership stake of around 6.9%. The chipmaker will benefit from the conversion to the tune of $448.5 million. Per a spokesperson, Mubadala’s decision to sell part of its stake in AMD was driven by its investment strategy. This

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Here’s How Much Nvidia Actually Made from Crypto Mining Sales

According to a report by Markets Insider, Nvidia generated $1.95 billion in revenue from its crypto business. Although the official financial statement of the company disclosed a $602 million crypto-related revenue, RBC analyst Mitch Steves said that the actual number is at least three times higher. “We think NVDA generated $1.95 billion in total revenue related to crypto/blockchain. This compares to company’s statement that it generated around $602 million over the same time period,” Steves said. Did Crypto Cause Nvidia to Underperform? In the third quarter of 2018, Nvidia chief financial officer Colette Kress told investors to not expect any

Here’s How Much Nvidia Actually Made from Crypto Mining Sales by CCN

AMD President and CEO Dr. Lisa Su Reveals Coming High-Performance Computing Inflection Point in CES 2019 Keynote

— Powerful new generations of 7nm AMD computing and graphics products to enable creators, researchers and inventors to solve the world’s toughest and most interesting challenges — LAS VEGAS , Jan. 09, 2019 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today highlighted historic leaps in computing, gaming

AMD Unveils World’s First 7nm Gaming GPU – Delivering Exceptional Performance and Incredible Experiences for Gamers, Creators and Enthusiasts

– AMD Radeon VII graphics card provides 2X more memory, 2.1X more memory bandwidth, up to 29 percent higher gaming performance on average, and up to 36 percent higher performance on average in demanding content creation applications compared to Radeon RX Vega 64 GPU – AMD Radeon VII Graphics Card