Crypto crash leads to inventory pile-up at Nvidia, sales slaughtered

Crypto crash leads to inventory pile-up at Nvidia, sales slaughtered

5 years ago
Anonymous $Dftgs0JzgE

https://www.theregister.co.uk/2019/02/15/crypto_crash_leads_to_inventory_pileup_at_nvidia_sales_slaughtered/

You can't make a silk purse out of a sow's ear, so found Nvidia's management team last night as they reported a pig of a quarter that saw revenues and profit crash.

For Nvidia's Q4 ended 27 January, reported revenues slumped 24 per cent year-on-year to $2.21bn, operating expenses went up by a quarter to $913m and profit from operations dived 73 per cent to $294m.