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Crypto Boom Ends for NVIDIA and AMD: Now What?

Paige Tanner
Crypto Boom Ends for NVIDIA and AMD: Now What?

NVIDIA’s (NVDA) stock slumped as the end of the windfall gains from the crypto boom resulted in lower-than-expected fiscal Q3 2019 revenue guidance. In Q1 2018, NVIDIA and Advanced Micro Devices (AMD) earned $289 million and $165 million in crypto-related GPU (graphics processing unit) sales, respectively. AMD had a higher exposure with crypto-related sales accounting for 10% of its quarterly revenue compared to NVIDIA’s 9%.