Active Cryptocurrencies: 2116 | Active Exchanges: 234 | Total MarketCap $120,383,351,083.57 | BTC Dominance: 52.33% | ETH Dominance: 10.31%

河南22选5走势图:China and Cryptos Bring Chipmaker Nvidia’s Revenue Estimates Down

Chipmaking giant Nvidia lowered its revenue estimates for Q4 2019 by US$500 million to US$2.2 billion, the company's recent financial report revealed.

The suffering of chipmaking giant Nvidia continues. But this time, it is not solely the fault of the current crypto winter.

Nvidia lowered its estimated revenue for the fourth quarter of this year to US$2.2 billion, down by US$500 million from an earlier projection.

The Delaware-based tech company explained that “deteriorating macroeconomic conditions, particularly in China,” was a major factor in the lesser financial estimate.

Last November 2018, Nvidia revealed that the crypto mining demand for its GPU went down on Q3 that year—the same time mining profitability was spiraling down—which was a huge factor in the company missing its estimate for that period.

In addition, the mining problem caused an excess of GPU cards in Nvidia’s inventory, which the company still expects to clear out sometime this year.

Jensen Huang, Nvidia founder and CEO, wrote:

“The Q4 guidance we provided in November reflected the effect of excess channel inventory of Pascal mid-range GPUs that resulted from the sharp decline of cryptocurrency demand. Exiting Q3, we estimated channel inventory would be largely depleted… between February and April. Our view of that today remains unchanged.”

Despite the disappointing estimate, Huang still expects that Nvidia can still be successful through several growth drivers. Some of these factors included RTX 2060, new GeForce RTX gaming notebooks, and Quadro RTX, among others. Notably missing, however, is any factor directly related to crypto mining.

| Related: This Lawsuit Could Help Investors Recover Their Losses Caused by Nvidia’s Crypto Mining Blunder

Follow Us On

Back To Top

Partnership Proposal Form

  • 【读史忆人·典故】邓小平为周谷城题写校名 2019-05-04
  • 统一标尺严把关口 防止留置权滥用 2019-05-04
  • 市场放开需防无序竞争 2019-04-23
  • 中国人打仗?被逗了。独生子一代、捧在手里长大的90后00后、站在甲板上飒爽英姿、硝烟战火血肉横飞的场景、会失去行动能力的。这不是耸人听闻。 2019-04-23
  • 武汉销毁220余台赌博机 民警:实为“电子老千” 2019-04-10
  • 人民观影团:开心麻花《羞羞的铁拳》 沈腾贡献神助攻 2019-04-10
  • 天宫二号和神舟十一号载人飞行全景报道 2019-04-07
  • “铁三角”里张国立老被说是最抠的 2019-04-07
  • 王俊凯:如何当一名实力睫毛健将 2019-04-05
  • 紫光阁中共中央国家机关工作委员会 2019-03-30
  • 7成日本人不赞成扩军 美民众指日本道歉不充分 2019-03-30
  • 70年 使命·梦想·荣光 2019-03-28
  • [大笑]此文逻辑通透无懈可击!小萌们别费劲了,咬不动滴! 2019-03-28
  • 紫光阁中共中央国家机关工作委员会 2019-03-26
  • 扬帆远航,胜利驶向充满希望的明天!——2018年全国两会巡礼 2019-03-26
  • 252| 569| 825| 508| 955| 396| 985| 650| 323| 458|