Main page News, Tech, Mining, Crypto Market, Cryptocurrency
Hot topic
Nov. 16, 2018

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.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.