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Nvidia: Our crypto business is dead and it's never coming back (NVDA)

• mancerayder 8y ago
  "We believe we've reached a normal period as we're looking forward to essentially no cryptocurrency as we move forward," Nvidia CFO Colette said. "Our revenue outlook had anticipated cryptocurrency-specific products declining to approximately $100 million, while actual crypto-specific product revenue was $18 million, and we now expect a negligible contribution going forward." Is that due to the bear market in crypto, a saturation in the market, or algorithms that favor non-GPU processesors?