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On the face of it, a company making Graphical Processing Units (GPUs) should have nothing to worry about the oil prices, right? Not quite true.
Even if leading technology company Nvidia Corporation (NVDA) does not utilize oil in its business, it feels the heat when oil prices are on fire. That’s because the stock market does not treat a stock based on what it is producing today. It prices them based on the environment in which its products will be used in the future. Oil, as we all know, feeds directly into the economy we live in. This means the ripple effect reaches all businesses, including Nvidia.
