The Cryptocurrency Crash Has Exploded in NVIDIA!

NVIDIA, one of the largest manufacturers of video cards, has attracted attention with its growth figures in recent years. The use of graphics cards produced by the company, especially in cryptocurrency mining, has also significantly increased NVIDIA’s revenue. The cryptocurrency crash appears to have had the opposite effect.

Falling cryptocurrency prices have had a negative impact on NVIDIA

announced preliminary results for the second quarter of 2022. With revenue of $6.7 billion, NVIDIA continued to grow compared to last year. However, the company’s reports show that revenue of $8.1 billion is planned for the same period. This reveals a revenue loss of $1.4 billion.

NVIDIA RTX 4080 comes with significant performance figures!

NVIDIA RTX 4080 comes with significant performance figures!

The Nvidia GeForce RTX 4080 and 4070 graphics cards are said to come with a significant performance boost over the previous generation.

NVIDIA attributed the revenue loss to weaker-than-expected demand for its gaming products. NVIDIA; Evga points out that partners such as MSI, Asus, Zotac, Gigabyte and others are selling fewer graphics cards than expected. This decrease in sales can be attributed to the depreciation of cryptocurrencies.

Cryptocurrency miners are said to have bought fewer graphics cards during the crash and they have also put their graphics cards on sale during this period. NVIDIA CEO Jensen Huang used the following statements about the decline of graphics cards:

In anticipation of continued macroeconomic conditions affecting sales, we have taken action with our gaming partners to adjust link and inventory pricing.

That said, we could see further price drops for existing GeForce GPUs, whose prices have already fallen in the year since the announcement. Some graphics cards have not yet returned to their first announced prices, but with the continued decline of cryptocurrencies, prices may come back a bit more.

In contrast, AMD increased its revenue from $1.3 billion last year to $1.7 billion this quarter, thanks to consoles like the Xbox Series S and X and the PlayStation 5. Although Nvidia provides hardware for the Nintendo Switch, the company’s revenue usually depend on computer systems.

Nvidia’s next-generation RTX 4000 series graphics cards are expected to be released this year. Due to supply shortages and rising prices, the RTX 3000 could not reach the expected sales figures. PC users who stay away from this graphics card may now be waiting for the new RTX 4000 series. This situation will positively affect NVIDIA’s sales in the next period.

So, what do you think about the cryptocurrency crash and NVIDIA signed graphics cards? You can share your opinion with us in the comment section.

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