Nvidia Corporation, a Delaware, US-incorporated and California-based developer of high-end GPUs, had informed its investors that they must not expect sizable revenue from the company’s cryptocurrency mining hardware business. The giant American technology firm recently reported its quarterly earnings - which showed that the chipmaker’s projected almost $1 billion less in total revenue (compared to to what analysts had predicted) is largely due to declining sales and overall demand for crypto mining hardware. Notably, Nvidia’s stock price dropped over 15% during after-hours trading to approximately $170 (per share).
