Nvidia Reports Full-Year Revenue Increases But Q4 Losses After Cryptocurrency ‘Hangover’

Nvidia Reports Full-Year Revenue Increases But Q4 Losses After Cryptocurrency ‘Hangover’
фото показано с : cointelegraph.com

2019-2-15 11:59

Crypto mining volatility had put pay to Nvidia’s performance in previous quarters even as Q4 earnings report shows full-year revenue increase since 2017

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nvidia revenue full-year even quarters previous performance

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Фото:

Nvidia Shares Fall 19% After Company Reveals Q4 Revenue Might Fall Short By $700M Due To Falling Crypto-related GPU Demand

Even without directly investing in cryptocurrencies, Nvidia was one of the biggest winners in 2017’s crypto boom. With last year’s soaring prices of digital currencies, the company’s GPUs were selling like hotcakes as crypto miners, who were busy building their mining rigs back then, snapped up stock worth $776 million in 2017 alone.

2018-11-16 16:09