Nvidia drops half a billion from Q4 guidance
by from Techreport on (#47YNW)
What a strange stretch it's been for the graphics card market, particularly for Nvidia. At the moment, multiple factors have led the company to drop its guidance for Q4 2019 by half a billion dollars. Revenue expectations for the quarter are now $2.2 billion, down from $2.7 billion. According to CNBC, Nvidia shares dropped 12% after the new figures were announced.
According to Nvidia, and also what we can see with our own eyes, timing played a role in the current situation. While riding high on its Pascal architecture wins, the cryptomining boom threw everything out of whack for Nvidia. Demand spiked, and ...