Home Blockchain News Nvidia’s Q4 Earnings Will Suck, But it’s Not Crypto Winter’s Fault

Nvidia’s Q4 Earnings Will Suck, But it’s Not Crypto Winter’s Fault

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Nvidia investors got a nasty surprise this morning when the chipmaker announced its Q4 fiscal 2019 earnings could come in $500 million short of original estimates. While Nvidia has repeatedly blamed its financial woes on a decline in cryptocurrency mining-related demand in the past, it’s acknowledging that it’s baby — the gaming industry — remains a significant problem. The chipmaker dropped its guidance to $2.2 billion from $2.7 billion, and the news sent its share price into a tailspin. Nvidia’s Bread-and-Butter Customer-base is Cooling Nvidia blames weaker-than-forecasted sales of its gaming and data center platforms for the guidance cut. Deteriorating

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* First published on ccn.com

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