After declining in the fourth quarter of 2018 on gaming graphics processing unit (GPU) inventory issues and a slowdown in the cryptocurrency mining boom, Nvidia (NASDAQ:NVDA) has begun to recover on signs that the inventory issues are being resolved. The company’s proposed acquisition of Mellanox, announced in the first quarter, could enhance Nvidia’s functionality and potentially lead to further share gains in the data center space. Mellanox makes end-to-end interconnect solutions that provide high throughput and low latency, delivering data faster to data center applications.
From Spiros Segalas (Trades, Portfolio)' first-quarter 2019 Harbor Capital Appreciation Fund commentary.
Also check out:
