nVidia stocks drops by almost 19 percent
Over the last year, Nvidia has always told investors to desist from relying on revenue generated from selling Graphics processing units (GPUs). These tools have proven essential for most cryptocurrency miners. The company is renowned as the biggest manufacturer of these devices worldwide.
However, regardless of the high demand arising from the crypto boom in recent years, the company has insisted that investors should not anticipate significant revenue from that business. CEO Jensen Huang believes that cryptos will be around for years to come. He also asserted that the company will always aim to ensure that crypto takes up a significantly small part of the company’s business.
Source and full story at: Cryptovibes.com