Nvidia Enters a Nosedive After an Underwhelming Third Quarter

Tech company Nvdia has entered a nosedive after Q3 results reveal an underwhelming performance. Nvidia experienced a 19 drop in its stock price. On Thursday, tech company and chip maker Nvidia experienced a 19 drop in its stock price. The drop comes amid an unfavorable and underwhelming progress over Q3. Despite this NBC reports on Nidia’s earnings report, […]

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AMD Shares Plummet As Blockchain-Related Q3 Sales Turn ‘Negligible’

Shares of the American multinational semiconductor company AMD have plummeted amid lackluster sales of blockchain-related products. The firm revealed in its quarterly report that blockchain-related GPU sales were “negligible.” Revenue Drops, Stock Price Follows Per the quarterly report published October 24, AMD has recorded a revenue of $1.65 billion for the third quarter of 2018. […]

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Blockchain, IoT, and AI Push Global Semiconductor Sector Sales to Over $40 Billion

Industries focusing on the Bitcoin’s blockchain technology, the Internet of Things (IoT), and artificial intelligence (AI) are fueling the semiconductor industry to the “highest ever monthly sales.” However, the US-China trade war is now instigating fear and volatility in the semiconductor industry. Semiconductor Industry Becoming the Fastest-Growing Industry in the Tech Sector Data compiled by […]

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Nvidia Calls Off Cryptocurrency Mining Production Amid Low Earnings

Graphics chip manufacturing giant Nvidia saw huge growth in late 2017 and throughout most of 2018 as demand for its high-end Graphics Processing Units (GPUs), used for cryptocurrency mining, skyrocketed. The recent bear market has caused demand for GPUs to dwindle, leaving Nvidia to readjust its strategy. Nvidia In Its Heyday It seems Nvidia is […]

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Nvidia CEO: Crypto’s ‘Real Utility’ is Clear

Adam James · February 12, 2018 · 1:00 pm Nvidia is raking in profits thanks to cryptocurrency mining and an increased demand for their GPUs — and for CEO Jensen Huang, the utility of cryptocurrency is obvious. “It’s Not Going to Go Away” As Bitcoin and other cryptocurrencies continue to explode into the mainstream consciousness, […]

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