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16 November
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One of the two GPU giants in the world, Nvidia, has plunged -17% as cryptocurrency boom ends, according to Reuters.

Nvidia is an American tech company that designs and produces GPU chips/cards for the game industry, neural networks, AI (Artificial Intelligence), and crypto industry.

The California-based company reportedly forecast sales for its fiscal fourth quarter well below Wall Street expectations due to a drop in demand for GPU chips in the crypto industry.

The CEO of Nvidia, Jenson Huang, expressed his surprise concerning the crypto hype duration:

“The crypto hangover lasted longer than we expected. We thought we had done a better job managing the cryptocurrency dynamics.”

Earlier, an an­a­lyt­i­cal com­pany Jon Ped­die Re­search (JPR) re­leased the re­sults of a study on the mar­ket for graph­ics adapters of the add-in board (AIB) type, which are bet­ter known as dis­crete graph­ics cards.

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