DavidV.TV Social ® · @DavidVTV
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RECAP | #Nvidia's #CRYPTO_HANGOVER | #International_Tech_News | #PART 6
#Cryptocurrencies could #pivot in the future—perhaps cryptocurrencies won't involve #solo_mining, and this #drop in #demand for #GPUs is just a symptom of the transition—but for now it's hard to look at the drop in #mining_activity (and the #layoffs throughout the #industry) and think that this #crypto_winter will #NOT be over anytime soon.
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#not #crypto_winter #industry #layoffs #mining_activity #gpus #demand #drop #solo_mining #pivot #cryptocurrencies #part #INTERNATIONAL_TECH_NEWS #CRYPTO_HANGOVER #nvidia
DavidV.TV Social ® · @DavidVTV
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RECAP | #Nvidia's #CRYPTO_HANGOVER | #International_Tech_News | #PART 5
Now, Huang has publicly stated that interest in mining has “#dried_up” and crypto will likely have “#no_contributions” to the company's future #revenue.
In fact, the #secondary_market is currently #flooded with #Nvidia_chips, as #miners #dump their #rigs.
While cryptocurrencies have #fluctuated in price mostly due to #investor_speculation, #GPU sales offer a tangible, trackable metric for mining activity.
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#gpu #investor_speculation #fluctuated #RIGS #dump #miners #Nvidia_chips #flooded #secondary_market #revenue #no_contributions #dried_up #part #INTERNATIONAL_TECH_NEWS #CRYPTO_HANGOVER #nvidia
DavidV.TV Social ® · @DavidVTV
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RECAP | #Nvidia's #CRYPTO_HANGOVER | #International_Tech_News | #PART 4
When the crypto #boom began, #Nvidia's #GPUs were considered standard for #mining_rigs.
As the #value of #cryptocurrencies skyrocketed, so did interest in #mining.
That created a #surge in #demand for Nvidia's #chips.
By Q2 of 2018, purchases from #crypto_miners accounted for nearly 10% of Nvidia's #revenue.
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#revenue #crypto_miners #chips #demand #surge #mining #cryptocurrencies #value #mining_rigs #gpus #boom #part #INTERNATIONAL_TECH_NEWS #CRYPTO_HANGOVER #nvidia
DavidV.TV Social ® · @DavidVTV
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RECAP | #Nvidia's #CRYPTO_HANGOVER | #International_Tech_News | #PART 3
For context, there are a few key factors in Nvidia's recent #fall.
More major #tech_companies are developing their #own_chips in-house, and U.S. #trade tensions with #China are leaving Nvidia's massive #Chinese market vulnerable.
But the BIGGEST factor OVERALL is what CEO Jensen Huang is calling “#THE_CRYPTO_HANGOVER
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#THE_CRYPTO_HANGOVER #chinese #china #trade #own_chips #Tech_Companies #fall #part #INTERNATIONAL_TECH_NEWS #CRYPTO_HANGOVER #nvidia
DavidV.TV Social ® · @DavidVTV
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RECAP | #Nvidia's #CRYPTO_HANGOVER | #International_Tech_News | #PART 2
What's fascinating about this story isn't Nvidia's drop from a #stunning peak. Rather, it's what the #evaporation of #half of its #value signals about crypto's immediate #future??
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#future #value #half #evaporation #stunning #part #INTERNATIONAL_TECH_NEWS #CRYPTO_HANGOVER #nvidia
DavidV.TV Social ® · @DavidVTV
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RECAP | #Nvidia's #CRYPTO_HANGOVER | #International_Tech_News | #PART 1
In just over two months, Nvidia's shares have lost nearly half of their value.
The GPU manufacturer's shares were trading at $281.02 on September 28—an all-time high for the 25-year-old giant.
Yesterday, December 12, they traded as low as $148.28.
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#part #INTERNATIONAL_TECH_NEWS #CRYPTO_HANGOVER #nvidia