Nvidia Decreases Q4 Revenue Estimates Citing Crypto Mining Decline, Conditions in China
- Taiwan-based computer hardware producer Nvidia updated its financial estimates for Q4 for the fiscal year of 2019, according to a press release on Jan. 28.
- The company is reflecting weaker forecasted sales in its gaming and data center platforms, which comes from excess mid-range channel inventory following the slump in cryptocurrency markets.
- Q4 revenue is expected to be at $ 2.20 billion, opposed to the previous projection of $2.70 billion according to a statement released by Nvidia on Jan 28.
- We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other.
Read full article: investing.com