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