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

NAND flash and low-power DDR chip suppliers continue to digest excess inventory which may indicate a disappointing second half of 2019 facing the memory sector, according to industry sources......»»

As ABN AMRO drops its exploration of a crypto wallet product, the Dutch bank says it's seeking to launch a blockchain platform for trade inventory......»»

NVIDIA Corporation (NASDAQ: NVDA) is the last of the major chipmakers to report its quarterly results this earnings season. read more.....»»

Is There Excess Inventory In The SolarEdge Channel Ahead Of Huawei"s Big Competitive Launch?.....»»

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Miners of cryptocurrencies may soon stop buying chips from Nvidia and Advanced Micro Devices. But businesses are more trouble than they are worth......»»

Cryptocurrency has grabbed headlines in the semiconductor world in the past year, as demand for GPUs from miners created a shortage in the market and prompted retailers to drive prices through the roof. La.....»»

Nvidia Corp. shares surged Tuesday for a second straight day as analysts rallied around the chip maker, contending that its strengths more than make up for a potential downturn in cryptocurrency-related revenue and self-driving fears......»»

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.....»»

AMD Smoked The Crypto Bears, Nvidia On Deck.....»»

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Notwithstanding stellar results from semiconductor companies, sentiment toward the sector has yet to see an uplift. The Philadelphia Semiconductor Index has largely been flat since the start of the tech reporting season. Against this backdrop, Morga.....»»

Higher sales and lower launches are reducing inventory overhang.....»»

Nvidia investors will need to see continued strong growth in the chipmaker’s two largest segments — gaming and datacenter — to make up for challenges facing its auto- and cryptocurrency-related sales as shares hover around record levels......»»

Nvidia Corp. received a bigger bump from crypto mining than rival Advanced Micro Devices Inc. in the most recent quarter, but Chief Executive Jensen Huang predicts a larger drop-off is on the way......»»

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.....»»

(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......»»

Photo by Ethan Miller/Getty Images Nvidia's crypto revenue could fall by two-thirds, CFO Colette Kress told analysts Thursday. The company posted earnings that topped analyst expectations, before sliding 2% in after-hours trading.....»»

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.....»»

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