Cryptocurrency Hangover Weighs on Nvidia

Nvidia Corp. reported quarterly sales that topped expectations, although a bigger-than-anticipated portion of the demand for its powerful graphics processors came from the volatile cryptocurrency market......»»

(Reuters) - Shares of Nvidia Corp fell 2 percent on Friday as investors worried that a short-term surge in demand for graphics chips from cryptocurrency miners may be undermining its core business with computer gamers......»»

Though Nvidia reported stronger-than-expected first-quarter fiscal 2019 results, a steep slowdown in demand from cryptocurrency miners has dampened investors' mood. After the closing bell yesterday, Nvidia NVDA reported stronger-than-exp.....»»

There is worry that the graphic chip giant is too dependent on digital m.....»»

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Epic Games Demand for Nvidia's chips among cryptocurrency miners has been slowing. But Nivida says the popular video game Fortnite provided a boost in interest for its chips. Nvidia's first-quarter earnings beat .....»»

Nvidia’s stock has been on massive rally, hitting an all-time high of over $260 earlier this week, more than double the price of a year ago......»»

U.S. stocks closed out a strong week with slight moves on Friday, with equities mostly rising but investors finding few reasons to p.....»»

The cryptocurrency market couldn’t shake its Blockchain Week hangover on Monday, with most major currencies trading down more than 2 percent on the day. read more.....»»

Nvidia (NVDA) has stepped into the spotlight over the past few years and is now one of the most popular tech companies.....»»

Nvidia Corp. is expected to play to its core strengths rather than to visionary side hustles this earnings season as strong gaming and data-center sales overcome deficiencies in self-driving auto and cryptocurrency mining sales......»»

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.....»»

The extra boost Nvidia Corp. has been getting to its financial statements from selling its graphics chips to cryptocurrency miners is over, at least for now......»»

Nvidia Corp. shares declined in the extended session Thursday after the graphics-chip maker’s revenue outlook was hit by a sudden decline in cryptocurrency-mining sales......»»

Nvidia Corp. shares declined in the extended session Thursday after the graphics-chip maker’s revenue outlook was hit by a sudden decline in cryptocurrency-mining sales......»»

Nvidia reported robust sales and profits during its second quarter, but warned that revenue from products geared toward cryptocurrency mining would be sharply weaker than expected......»»

Nvidia Corp.’s fiscal second-quarter report disappoints investors, but makes Wall Street analysts more bullish, as they brush aside the surprise drop in cryptocurrency-mining sales and the softer outlook......»»

Nvidia Corp.’s nine-month crypto gold rush is over......»»

Nvidia shares fell after chipmaker said cryptocurrency-fueled demand had dried up and it forecast sales below Wall Street targets. Roselle Chen reports......»»

The graphics processor expert's product mix is shifting back over to the data center, leaving cryptocurrency miners out in the cold......»»