Nvidia shares slide 17 percent as cryptocurrency demand vanishes

Nvidia shares slide 17 percent as cryptocurrency demand vanishes

7 years ago
Anonymous $L9wC17otzH

https://www.reuters.com/article/us-nvidia-results/nvidia-shares-slide-17-percent-as-cryptocurrency-demand-vanishes-idUSKCN1NK2ZF

Chip designer Nvidia Corp on Thursday forecast sales for its fiscal fourth quarter well below Wall Street expectations, pinning the blame on unsold chips piling up with distributors and retailers after the evaporation of the cryptocurrency mining boom.