Nvidia CEO says came into Q3 with excess inventory from crypto overhang

Advanced Micro Devices Inc on Wednesday forecast fourth-quarter revenue below estimates as the chipmaker faces dwindling demand from cryptocurrency miners for its high-margin graphic processors and excess inventory, sending its shares down 22 percent......»»

Nvidia Corp. shares plunged in the extended session Thursday after the chipmaker’s earnings and outlook fell short of Wall Street estimates and revealed an excess inventory of older gaming chips......»»

Nvidia shares tumbled 18% after the chip maker projected declining revenue for the current quarter as it works through excess inventory left over from the cryptocurrency boom......»»

The previous stockpiling habits of cryptocurrency miners have left Nvidia to battle with excess graphics-card inventory......»»

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Nvidia Corporation (NASDAQ: NVDA) estimates between $100 million and $300 million of its fourth-quarter revenue came from Ethereum (CRYPTO: ETH) miners, according to the company’s Chief Financial Officer Colette Kress, read more.....»»

Amid another semiconductor shortage, combined with a mini boom for chips used in crypto mining, Nvidia Corp. believes it will be able to handle the competing demands of its data center customers, gamers, and crypto-miners......»»

Nvidia Corp. on Thursday introducing a specialized product for mining cryptocurrency while throttling mining capabilities in their gaming cards, an attempt to avoid a replay of difficulties caused by demand from crypto miners in recent years......»»

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Chinese e-commerce giant Alibaba Group Holding Ltd has launched a new luxury platform targeting younger consumers that also aims to help high-end brands shed excess inventory built up during the global coronavirus lockdown......»»

Getty Images With store.....»»

Orders of new trailers plummeted 55% in March from the same month a year ago as an industry already struggling with tepid orders and excess inventory was hit by the coronavirus pandemic. read more.....»»

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Chip making giant Nvidia has been making its case for why a court should dismiss a lawsuit alleging it misled investors over the demand for its graphics cards from cryptocurrency miners......»»

Nvidia Corp. has completely escaped the crypto hangover. The question now is what happens on the other side......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

After a double whammy of a big decline in its core gaming business, exacerbated by a sudden drop off in crypto mining hurt its results in the last year, Nvidia Corp. says business is back to normal......»»

A Holistic View Of Nvidia - Life After Crypto Tumble, Growth Prospects, Valuations, And Risks.....»»

DRAM chipmakers are still trapped by excess inventories, although inventory levels at their customers have already come down, according to Nanya Technology president Pei-Ing Lee......»»

From yachting with Selena Gomez to doling out TaTaTu tokens to movie stars, one producer's road to Hollywood was paved with ICO excess......»»