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Nvidia is one of many tech firms to be affected by economic instability in China, with names such as Apple, Japan Display and Hyundai all attributing a slowdown in performance to rising tariffs as a result of the US-China trade spat. Nvidia, which belongs to the Zacks Semiconductor - General industry, posted revenues of 2.21 billion for the quarter ended January 2019, missing the Zacks Consensus Estimate by 6.94.

The prices of cryptocurrencies have fallen dramatically since their record high at the end of 2017, some more than 80 per cent in value. NVIDIA (NVDA-1.94) stock gained (and returned) 16.4 in March, according to data from S&P Global Market Intelligence. Nvidia's chips are utilised in high-performance gaming PCs, and in technical mining equipment used to forge cryptoassets such as bitcoin, ether, litecoin and ripple.Ī lacklustre performance in its previous fourth quarter forecast in November inspired similar comments from Nvidia, which blamed the "crypto hangover" for poor sales figures. 2 Incredible Growth Stocks That Turned 5,000 Into More Than 100,000 in 10 Years. Read more: Hyundai hit by first quarterly losses since 2011 as China market fails to drive sales It also received lower-than-expected sales in its data centre business. For context, the S&P 500 returned 1.9 last month. Management pointed to "deteriorating macroeconomic conditions, particularly in China" after experiencing weakened demand for its gaming chips in the region. Retrieved June 21, 2020, from NIST events/news/2019/11/enhancing-public-safety-video-analytics-computer-vision-and-artificial 2. NVIDIA ( NVDA -1.94) stock gained (and returned) 16.4 in March, according to data from S&P Global Market Intelligence.