Shares of NVIDIA Corporation (NASDAQ: NVDA) are sliding after hours after the company’s EPS came in lower than Street estimates and underwhelming guidance. The company also cited weakness in demand for chips for cryptocurrency mining.
The stock is down about 7% and down more than 50% from its 52-week high of $346 a share.
Weakness In Crypto Mining: “NVIDIA Says Quarterly OEM And Other Revenue Decrease Due To Decline In Cryptocurrency Mining Processor Revenue, Which Was Nominal In Quarter Vs $155M A Year …
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