Nvidia Report: Sales Down

Nvidia have reported that, due to the sideways tracking of the Crypto Market, sales for miners have decreased. Despite the heavy FUD right now in the market, this is not as bad as it reads.

Nvidia commented:

“Our revenue outlook had anticipated cryptocurrency-specific products declining to approximately $100 million, while actual crypto-specific product revenue was $18 million. Whereas we had previously anticipated cryptocurrency to be meaningful for the year, we are now projecting no contributions going forward.”