Taiwan-based GPU producer Nvidia is the S&P 500’s worst performer in Q4 2018, as crypto mining sales have all but disappeared. The drastic decrease in crypto mining profitability has hit graphics processing unit (GPU) producers like Taiwan-based Nvidia hard. In Q4 2018, the firm experienced a massive sell-off of its shares, cutting the stock price… Continue reading Following Crypto Mining Crash, GPU Producer Nvidia Worst Performer in S&P 500
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Nvidia Q3 Results Reveal ‘Crypto Hangover’ Due to Disappearance of Miner Sales
Nvidia released its Q3 2018 results today, revealing a “crypto hangover” as GPU prices failed to adjust quickly enough to disappearing demand from crypto miners. Nvidia released its earnings report for the third quarter (Q3) of 2018 today, Nov. 15, revealing that demand for Nvidia’s graphics processing units (GPUs) among crypto miners has dried up.… Continue reading Nvidia Q3 Results Reveal ‘Crypto Hangover’ Due to Disappearance of Miner Sales