'Crypto hangover' hammers Nvidia's outlook, shares drop 17 percent

'Crypto hangover' hammers Nvidia's outlook, shares drop 17 percent

5 years ago
Anonymous $L9wC17otzH

https://www.reuters.com/article/us-nvidia-results/crypto-hangover-hammers-nvidias-outlook-shares-drop-17-percent-idUSKCN1NK2ZF

Chip designer Nvidia Corp on Thursday forecast disappointing sales for the holiday quarter, pinning the blame on unsold chips piling up with distributors and retailers after the evaporation of the cryptocurrency mining boom.

'Crypto hangover' hammers Nvidia's outlook, shares drop 17 percent

Nov 16, 2018, 2:14am UTC
https://www.reuters.com/article/us-nvidia-results/crypto-hangover-hammers-nvidias-outlook-shares-drop-17-percent-idUSKCN1NK2ZF >Chip designer Nvidia Corp on Thursday forecast disappointing sales for the holiday quarter, pinning the blame on unsold chips piling up with distributors and retailers after the evaporation of the cryptocurrency mining boom.