1. It was the Miners that kept Nvidia afloat. No money to pay miners.. miners left.
2. Not to mention mining is not #CLIMATE_CHANGE_FRIENDLY whatsoever.
3. INFLATION! the #electricity to power these #MINING_RIG_NETWORKS.. ..should we say ASTRONOMICAL?
4. #Nvidia STARTED focusing on #GAMERS (MONTHS AGO btw) the REAL BREAD and BUTTER!:)
#NVIDIA KNEW THIS WAS COMING BUT YOU #GUYs DIDNT??
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#hey! GET ALL THE #REAL_NEWS DAYS IN #ADVANCE:)
Crypto-driven GPU crash makes Nvidia miss Q2 projections by $1.4 billion
Cheaper GPUs are good for gamers but bad for Nvidia's bottom line.
Nvidia pointed to "a reduction in channel partner sales," meaning that partners like Evga, MSI, Asus, Zotac, Gigabyte, and others were selling fewer new GPUs than anticipated.
AS #TASTINGTRAFFIC LLC MENTIONED YESTURDAY..
THIS #DROP can be attributed partly to a #crash in the #value of #mining_based #cryptocurrencies like #Bitcoin and #Ethereum...
MORE..
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#International_Tech_News
#NVIDIA Announces Preliminary #Financial Results for #Second_Quarter Fiscal 2023
Second quarter revenue is expected to be approximately $6.70 billion, down 19% sequentially and up 3% from the prior year, primarily reflecting weaker than forecasted Gaming revenue.
#Gaming_revenue was $2.04 billion, down 44% sequentially and down 33% from the prior year. Data Center revenue was $3.81 billion, up 1% sequentially and up 61% from the prior year.
https://nvidianews.nvidia.com/news/nvidia-announces-preliminary-financial-resultsfor-second-quarter-fiscal-2023?ncid=afm-chs-44270&ranMID=44270&ranEAID=kXQk6*ivFEQ&ranSiteID=kXQk6.ivFEQ-zTVLOyzzJONzWQo9GXfYeg
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