Saturday , May 28 2022

Nvidia giant Crypt-hunter-driven technology is not worth digging currencies | business



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Nvidia's value for the first time since the end of 2017 has fallen below $ 100 billion. The price dropped only 18.8% on Friday, and now the campaign costs 164.4 USD. By comparison, in September, the share price reached a record $ 280.

What happened when investors started to shake the giant stock of technology – the results published were far worse than analysts expected.

Nvidia has promised sales of $ 2.7 billion, which is considerably lower than analysts' estimates for $ 3.4 billion. Instead of increasing sales, the graphics processor maker is now estimated to drop sales by more than 7% compared to last year's last year.

The market is flowing after a cryptanalytic explosion

The last cryptovaliut boom has led to a massive demand for video cards. CryptAudio manufacturers have grabbed the fastest Nvidia video cards to pay for freshly embedded cryptanalysts such as ether (ETH) in just a few months, writes The Motley Fool.

However, the ether, which costs another $ 1,400 in January, currently costs only $ 173.

The same video card, which last year was cryptograms of 60-80 dollars a month, would now reduce the value of just $ 10 – unpaid electricity costs.

As a result, kryptovaliut cashiers are no longer willing to buy expensive equipment.

Additionally, video cards compete with specialized ASIC devices, especially for cryptolite digging.

So the Nvidia gold core was deleted.

At the moment, Nvidia is also on a huge inventory of video processors. Nvidia manager Jensen Huang explained: "In the third quarter we began to have excess stocks after the encrypted hangover."

According to him, the decline in prices was expected, but now that prices have already fallen, "customers will be back and buy" is expected.

Colette Kress, financial manager of Colette Kress, said the company's gambling business did not meet expectations, and because of the expansion of the kryptovalite boom, stocks began to accumulate. Video card prices, which were significantly higher due to the cryptovaliut tape recorder, dropped faster than expected.

Nvidia introduced the next generation of so-called GeForce RTX video cards, which are the most expensive and designed for the most exciting computer game players in the fall. However, most of the stock is made up of older generations of mid-range graphics processors.

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