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.
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.
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- 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.
- New Year Special
by Joseph Young
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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by Aaron Wood
Taiwan-based GPU producer Nvidia is the S&P 500’s worst performer in Q4 2018, as crypto mining sales have all but disappeared.
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Nvidia released its Q3 2018 results today, revealing a “crypto hangover” as GPU prices failed to adjust quickly enough to disappearing demand from crypto miners...
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Susquehanna’s analysts say that due to the slump in crypto markets and declining network hashrates, mining Ethereum using a GPU is no longer profitable.
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A recent report by Trefis suggests Nvidia will see strong GPU sales growth in Q3, though revenues from crypto-related activities will remain in a downtrend.
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Nvidia’s stock price dropped after the announcement of its third quarter estimates was lower than expected, due in part to a decrease in crypto mining.
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Green markets are making a fresh attempt at recovery following their recent losses, with Bitcoin holding 2018 record-high dominance of total crypto market cap.
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Analysts suggest that Nvidia will see significant growth in its gaming and servers sales, which will overcome deficiencies from a decline in crypto mining.
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