Cryptocurrencies
Nvidia's Crypto Gold Rush Goes Bust in Lackluster Forecast
- Demand from cryptominers declines 94% from previous quarter
- Revenue from gamers, data centers top analysts’ estimates
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Nvidia Corp.’s nine-month crypto gold rush is over.
Sales of graphics chips to miners of cryptocurrencies like Ethereum dried up faster than expected, the company said. For a second quarter in a row, investors ignored Nvidia’s growth in its main markets and ditched the stock.