Crypto Mining Market Pullback Hits Nvidia, Others
— Keeps blockchains secure shot, Two times, Hangover, Nvidia thinks, Line graphics cards needed, Metaverse market, Much larger array, Fined, Demanding titles like cyberpunk 2077, Line gpus — 1 min read
Gamers can afford to buy the top-of-the line graphics cards needed to play the most demanding titles like Cyberpunk 2077 and Far Cry 6 at their full potential. With the exception of bitcoin, most of the new cryptocurrency blockchains don’t use GPUs anymore. Nvidia’s share price fell 3% on Monday after Morgan Stanley warned of slower GPU sales due to the crypto slowdown. In May, Nvidia was fined $5.5 million by the Securities and Exchange Commission for failing to disclose the impact crypto industry buyers had on GPU sales in past quarters. Still, its revenue has grown 50% over each of the past two years, although that was due more to strong gaming and artificial intelligence (AI) datacenter sales. Source