The value of Nvidia's business for the first time since the end of 2017 has fallen below $ 100 billion. The price fell by 18.8% on Friday alone, and at present the campaign costs $ 164.4. In comparison with September, the stock price reached $ 280.
What happened when investors started shaking the warehouse of technology – the published results were significantly worse than expected analysts.
Nvidia has pledged $ 2.7 billion in sales, which is significantly less than the analysts forecast for $ 3.4 billion. Instead of increasing sales, graphics processor manufacturers are now expected to cut sales by more than 7 percent compared with last year last year.
The market is flowing for a cryptanalytic boom
The former kryptovali boom has led to a huge demand for graphics cards. CryptAudio manufacturers took the fastest Nvidia video cards to pay new cryptographic analyzers like ETH in a few months, writes The Motley Fool.
However, the ether, which still costs about SEK 1,400 in January, currently costs only SEK 173.
The same video card, which last year amounted to $ 60-80 for cryptoscales per month, would currently limit the value of just $ 10 – unpaid electricity costs.
As a result, kryptovaliut cashiers are currently no longer willing to buy expensive equipment.
In addition, video cards with specialized ASIC devices compete specifically for cryptolite excavation.
Then the golden core of Nvidia was dried out.
At the moment, Nvidia is also on a large layer of video processors. Nvidia's boss Jensen Huang explained: "During the third quarter we began to have redundant stocks after the crypt."
According to him, the price decline was expected, but now that prices have already fallen, "customers will be back and buy" is expected.
Colette Kress, CFO of Colette Kress, said that the company's product gaming business did not meet expectations, and because of the outbound cryptovalitic boom, stocks began to accumulate. Prices of video cards, which were significantly higher due to the crypto-video cassette players, fell less quickly than expected.
Nvidia introduced the next generation of so-called GeForce RTX graphics cards, which are the most expensive and designed for the most exciting computer players in the fall. However, most of the stock consists of older generations of mid-range graphics processors.