News
Nvidia has filed for the dismissal of a complaint alleging it fraudulently attributed over $1 billion in sales to gaming markets amid the 2017 crypto bubble.
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Nvidia News
Nvidia is a technology corporation founded in 1993 and headquartered in California, United States. The main products of Nvidia include central processing units (CPU), graphics processing units (GBU) and chipsets. Nvidia is one of the largest hardware developers in the world, with only one major competitor — AMD. Nvidia has greatly profited from the outburst of cryptocurrency popularity. A lot of miners use products from Nvidia for Bitcoin mining. As Nvidia provides most of consumers GPUs, mining with Nvidia’s products have become widespread. Seeing the emerging consuming base, Nvidia developed mining drivers and technologies for improving the speed of mining. Nvidia’s GPU Technology Conference is one of the main IT events that gathers people from different fields, including cryptocurrency industry, and where various applications of AI and deep learning are presented.
- News
An amended complaint accuses Nvidia of misrepresenting over $1B in sales to downplay the firm’s reliance on sales to crypto miners.
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Decentralized coronavirus research initiative Folding@Home has announced that 400,000 users are contributing to its platform.
10060 - News
Major global chipmaker Nvidia launched an initiative to reallocate unused GPU power to COVID-19 research.
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GlobalFoundries, the world’s second-biggest semiconductor foundry by sales after TSMC, has filed multiple infringement lawsuits against its competitor.
4175 - News
Major global chipmaker Nvidia, popular with cryptocurrency miners, has outstripped analysts’ expectations with its latest set of quarterly financials.
2894 - News
Nvidia, which saw a massive drop in GPU sales due to the crypto bear market, is now confident it will sell out leftover inventory in Q1.
6945 - Analysis
U.S. hardware manufacturer Nvidia reported full-year revenue gains in 2018.
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The company posted an overall 21 percent annual earnings increase compared to the same time last year.
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RBC analyst Mitch Steves found through calculations that Nvidia reportedly earned $1.35 bln more in crypto, blockchain revenue than reported.
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GPU manufacturer Nvidia has adjusted its projected sales revenue for Q4 to be lower than previous estimates.
6511 - New Year Special
Major mining conglomerates in the crypto sector recorded large losses, struggling to deal with market conditions.
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GPU producer Nvidia is facing a class action lawsuit over the losses reported by the company when demand for GPUs by miners diminished.
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Taiwan-based GPU producer Nvidia is the S&P 500’s worst performer in Q4 2018, as crypto mining sales have all but disappeared.
43602 - In depth
Mining hardware manufacturers invent new ways to increase their competitiveness and tackle miners’ interest decline as September was the first month when private miners’ profits went into the negative.
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