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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%

    南粤好彩1预测: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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  • 国美618小家电-热门标签-华商网数码 2019-06-16
  • 中国移动支付覆盖东盟八国 便利中国游客出境游 2019-06-13
  • 广州地铁10号线12号线 或增两座换乘站 ——凤凰网房产广州 2019-06-13
  • 职业游戏策划发声“为什么我的孩子不沉迷网游”引热议 2019-06-12
  • 紫光阁中共中央国家机关工作委员会 2019-06-12
  • “庆祝建军90周年”漫评②:汇聚强国强军的磅礴力量 2019-06-11
  • 浙江定海消防大队走进辖区幼儿园开展消防培训及疏散演练 2019-06-11
  • 实拍世界最大消防飞机“超级水箱” 由波音747改装而成 2019-06-08
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