Nvidia: Worst Performer in the S&P 500 at the End Of 2018, Hasn’t Finished Selling Leftover Inventory from Crypto Boom

2019-3-21 08:37

Chip manufacturing giant Nvidia has said that it expects to finish selling its inventory that remained unsold during the… The post Nvidia: Worst Performer in the S&P 500 at the End Of 2018, Hasn’t Finished Selling Leftover Inventory from Crypto Boom appeared first on Invest In Blockchain.

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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