News
Nvidia Announces Financial Report Says Crypto Winter Causes Its Q4 Income Decline
Summary: Nvidia, a US-based graphics card manufacturer, announced its latest earnings report on Thursday. The company reported that its revenue for the fourth quarter ended Jan. 27 was $2.21 billion, down 24% from $2.91 billion in the same period last year. This is a 31% drop from the $3.18 billion in the previous quarter. The company ...
Nvidia, a US-based graphics card manufacturer, announced its latest earnings report on Thursday. The company reported that its revenue for the fourth quarter ended Jan. 27 was $2.21 billion, down 24% from $2.91 billion in the same period last year. This is a 31% drop from the $3.18 billion in the previous quarter. The company said it was affected by the decline in the cryptocurrency mining market as it has been trying to sell excess inventory.
Tags: Nvidia
Link: Nvidia Announces Financial Report Says Crypto Winter Causes Its Q4 Income Decline [Copy]
