Jim Cramer on JPMorgan's Crypto Push and Nvidia's Earnings
It's almost Friday.
Nvidia's Earnings After the bell Nvidia is Real Money's Stock of the Day as all eyes turn towards the earnings report that will be released after the bell.
In late January, Nvidia warned investors that quarterly revenue would fall well short of forecasts, at $2.2 billion versus earlier guidance of $2.7 billion, due to softer-than-expected demand for its gaming and datacenter products as well as slowing growth in China.
TheStreet's Annie Gaus has three things that she's watching: Here are the top three things that Gaus is watching: Turing Updates Datacenter Slowdown Positive Signs From Automotive and Other Segments Related: What You Need to Know About Nvidia Before Earnings Related: Nvidia Is Poised to Try the Upside at Some Point - Only Buy Strength JPMorgan's Cryptocurrency Move over, Bitcoin.
JPMorgan Chase will issue the first ever cryptocurrency by a U.S. bank, marking a significant change in tack for CEO Jamie Dimon, who once threatened to fire any employee he found trading bitcoin, reported Baccardax.
Reported: Jim Cramer: SunTrust-BB&T Merger Is About Digital Defense and Offense The new digital currency will be redeemable for one U.S. dollar each, CNBC reported, and will be used to develop the bank's payments business over blockchain technology.
Once the issued coins are spent through the payment system, they will be destroyed and redeemed for the same value as they were purchased, according to CNBC.