How NVIDIA Is Poised to Profit From Intel’s Chip Security Flaws
Shares of graphics-chip maker NVIDIA (NASDAQ: NVDA) jumped 9.1% in the holiday-shortened trading week last week, thanks largely to news out beginning on Tuesday that a design flaw in Intel’s (NASDAQ: INTC) chips makes them vulnerable to hacking.
Intel is affected by two security flaws in its central processing units (CPUs) — the big one is dubbed Meltdown and the closely related one is called Spectre.
Technology publication The Register first reported on Meltdown on Tuesday, and followed up with information about Spectre the next day, with Intel later confirming the vulnerabilities.
Nvidia Partners With Uber, VW on Self-Driving Cars
Two more big names have signed up to use Nvidia Corp.’s (NVDA) NVIDIA Corp artificial intelligence (AI) chips to develop cars that are capable of driving themselves.
Bitcoin pulls back further from $17,000; Ethereum taps record high
The price of a single bitcoin on Monday continued to back away from the $17,000 level it reached over the weekend, while another cryptocurrency, Ethereum’s ether, tapped a new high above $1,200.
Meanwhile, ether coins on the Ethereum blockchain tapped a new all-time of $1,266.93 on Monday. It has since backed off to trade up 2.5% at $1,177, according to CoinDesk. Ether coins crossed a key psychological threshold above $1,000 for the first time ever last Thursday.
Ether’s market cap of $118 billion is second only to Bitcoin’s $269 billion, according to CoinMarketcap.com.
Today's Trade of the Day | 1-8-18
SQ Square Inc popped 19% last week after five weeks of selling. $42 is the 50% retracement level. I am game planning a sell short today on a higher open. Using a $42.25 limit order and a stop loss on a close above $43.50. Profit target comes in at $37.75.
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Stocks to Trade | Monday Edition 1-8-18
Bullish Momentum: OSTK, SQ, EA, JD, CVS, BA, ATVI, BZUN, PYPL, TJX, CRZO
Bullish Order Flow: OSTK, DVA, CAT, TSCO, NFLX, KSS, AABA, BA, EOG, LOW, MA, V, LYB, FB, COF, AMZN, UNP, TGT, DE, DG, MAR, HD, DLTR, JPM
Bearish Order Flow: pcg, eix, khc, pm
Double Normal Volume: OSTK, SCG, D, ERJ
Inside Days: bac, mu, twtr, c, wfc, ko, amat, kr, mrk, wba, lb, ms, csx, bbby, tgt, kss, tsla, gps, bby, aig, nbl, oxy, fl, urbn, cl, wdc, axp, nov, stx, trip, akam, fslr