• Nvidia sees lower Q2 2019 revenue as crypto demand evaporates

    1 month ago - By Venture Beat

    Nvidia shares fell as much as 5 percent in after-hours trading on Thursday after the chip maker said cryptocurrency-fueled demand had dried up and it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise beat expectations. The company's bleak outlook for cryptocurrency chips was a sharp reversal...
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  • Nvidia forecast lags Wall Street as crypto demand evaporates

    Nvidia forecast lags Wall Street as crypto demand evaporates

    1 month ago - By Reuters

    Nvidia Corp shares sank as much as 5 percent in after-hours trading on Thursday after the chip maker said cryptocurrency-fueled demand had dried up and it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise beat expectations.
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  • Nvidia Stock Falls 5% as Demand for Crypto-Related Chips Dries Up

    1 month ago - By Fortune

    Nvidia shares fell as much as 5.6% in after-hours trading Thursday after the company warned that demand for its cryptocurrency-related chips is drying up.
    Nvidia has been one of the hottest technology stocks in recent years because of surging demand for its high-powered graphics chips, which are used in data centers and to power crypto mining operations. Since the beginning of 2016, Nvidia shares have risen 769%, compared with a 48% rise in the S&P 500 Index.
    While Nvidia reported second-quarter revenue growth of 40% to $3.1 billion and GAAP net income of $1.76 a share-both above Wall...
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