The value of Nvidia for the first time since the end of 2017 has fallen below $ 100 billion. On Friday, the price on Friday fell by 18.8%, but now the campaign costs $ 164.4. By comparison, in September the share price reached a record $ 280.
What happened when investors began to shake inventories of a technological giant – the published results were significantly worse than expected analysts.
Nvidia has pledged $ 2.7 billion in sales, which is far less than analysts predict for $ 3.4 billion. It appears that instead of increasing sales, the graphics processor is expected to fall sales by more than 7 percent compared to last year.
The market is running after cryptanalytic bloom
Past kryptovaliut boom has led to high demand for graphics cards. CryptAudio manufacturers have grabbed the fastest Nvidia video cards to pay for fresh encrypted cryptanalytes like Ether (ETH) in a few months, writes The Motley Fool.
However, the ether, which still costs about $ 1,400 in January, currently costs only $ 173.
The same graphics card, which lasted cryptoscales last for 60 to 80 dollars per month, would now limit the value of only $ 10 – unpaid electricity costs.
As a result, kryptovaliut cash registers are no longer ready to buy expensive equipment at the moment.
What's more, graphics cards compete with specialized ASIC devices, specifically for cryptolite digestion.
So the gold core of Nvidia was deleted.
At the moment, Nvidia also sits on a large video processor. Nvidia's manager Jensen Huang explained: "In the third quarter we started too much stocking after a horrible cat."
According to him, the fall in prices is expected, but now that prices have already fallen, "customers will return and buy".
Colette Kress, CFO Colette Kress, said the gambling company did not meet the expectations and the stock began to accumulate. The prices of video cards, which were significantly higher due to crypto-player cluster players, fell less rapidly than expected.
Nvidia introduced the next generation of the so-called GeForce RTX graphics cards, which are the best and intended for the most intriguing computer players in the autumn. However, most of the stock consists of older generations of GPUs of the middle class.