Nvidia Enters a Nosedive After an Underwhelming Third Quarter

Tech company Nvdia has entered a nosedive after Q3 results reveal an underwhelming performance. Nvidia experienced a 19 drop in its stock price. On Thursday, tech company and chip maker Nvidia experienced a 19 drop in its stock price. The drop comes amid an unfavorable and underwhelming progress over Q3. Despite this NBC reports on Nidia’s earnings report, […]

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AMD Shares Plummet As Blockchain-Related Q3 Sales Turn ‘Negligible’

Shares of the American multinational semiconductor company AMD have plummeted amid lackluster sales of blockchain-related products. The firm revealed in its quarterly report that blockchain-related GPU sales were “negligible.” Revenue Drops, Stock Price Follows Per the quarterly report published October 24, AMD has recorded a revenue of $1.65 billion for the third quarter of 2018. […]

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Blockchain, IoT, and AI Push Global Semiconductor Sector Sales to Over $40 Billion

Industries focusing on the Bitcoin’s blockchain technology, the Internet of Things (IoT), and artificial intelligence (AI) are fueling the semiconductor industry to the “highest ever monthly sales.” However, the US-China trade war is now instigating fear and volatility in the semiconductor industry. Semiconductor Industry Becoming the Fastest-Growing Industry in the Tech Sector Data compiled by […]

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Cryptocurrency Mining Chip Supplier Warns Investors of Impending Revenue Decline

Gigabyte Technology Co Ltd announced at a recent investors’ conference that they are expecting a significant revenue drop for the second quarter of 2018. The company is a leading supplier of graphics cards and motherboards – components used in cryptocurrency mining operations. Weakened Demand for Cryptocurrency Mining Chips According to the Gigabyte, graphics card shipments […]

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Will AMD and NVIDIA Give Up on GPU Mining as Cryptocurrency Prices Fall?

Kyle Baird · June 22, 2018 · 3:00 pm Graphics card manufacturers NVIDIA and AMD have been raking in huge profits — thanks, in part, to the influx of cryptocurrency mining over the past year. Recently, however, the decreasing prices of cryptocurrencies and a lower demand for GPU mining could bring the engine to a […]

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Bitcoin Mining Giant Bitmain Raked in $3 to 4 Billion in Profits Last Year

Adam James · February 25, 2018 · 3:00 pm It’s no secret that Bitcoin mining was a profitable business venture last year — but just how profitable was it? First to the Gold Rush 2017 was an extremely profitable year for Bitmain Technologies Ltd., a privately owned Bitcoin mining company headquartered in Beijing, China. In […]

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Nvidia CEO: Crypto’s ‘Real Utility’ is Clear

Adam James · February 12, 2018 · 1:00 pm Nvidia is raking in profits thanks to cryptocurrency mining and an increased demand for their GPUs — and for CEO Jensen Huang, the utility of cryptocurrency is obvious. “It’s Not Going to Go Away” As Bitcoin and other cryptocurrencies continue to explode into the mainstream consciousness, […]

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