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

    南粤风采 好彩2玩法: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

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  • 习近平:坚决打好污染防治攻坚战 推动生态文明建设迈上新台阶 2019-04-19
  • 懒人科技的又一巅峰  “动作识别笔”让生活更便捷 2019-04-18
  • 乔进双梅代表:“花间”绣出美丽人生 2019-04-18
  • 陕西洛南:产业融合铺就深山扶贫锦绣路 2019-04-17
  • 歌曲《梨花又开放》将由中马歌手共同演唱 亮点提前看 2019-04-15
  • 敬老院内老太跳楼自杀 法院判敬老院赔偿5万元 2019-04-04
  • 何平会见塔斯社总编辑菲利蒙诺夫 2019-04-04
  • 一语惊坛(5月11日):汶川地震,十年涅槃重生,见证中华民族团结一心有力量! 2019-04-01
  • 重庆要闻--重庆频道--人民网 2019-04-01
  • 西藏反诈骗中心:高考诈骗进入高发期 这些不要信 2019-03-25
  • 网友为家具厂门厂排尘问题提建议 2019-03-24
  • 回复@无名小卒也:我只是针对过去的“计划供应”不能很好的满足人们的需求来谈问题,并未否认计划经济,计划经济在市场经济时代,已经转化为政府职能 2019-03-21
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  • 天津各界学习十九大精神--天津频道--人民网 2019-03-18
  • 习近平应约同俄罗斯总统普京通电话 2019-03-16