Nvidia Forecast Lags Wall Street Every Minute Crypto Take Away Evaporates

In belatedly after-hours merchandise the stock is changing hands at $247.50 off to a greater extent than or less other $9.94 (-3.86%) later dipping $1.64 inwards the regular session.
From Reuters:

Nvidia Corp (NVDA.O) shares sank every bit much every bit v pct inwards after-hours trading on Th later the chip maker said cryptocurrency-fueled postulate had dried upwards too it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise musical rhythm out expectations.

The company’s bleak outlook for cryptocurrency chips was a abrupt reversal from the prior financial quarter, when sales to so-called miners of digital currencies such every bit bitcoin too ethereum amounted to $289 million, nearly a tenth of Nvidia’s revenue. Nvidia previously had forecast sales for cryptocurrency chips for the financial 2d quarter ended July 29 of most $100 million. On Th it reported actual revenue of exclusively $18 million. 

“Whereas nosotros had previously anticipated cryptocurrency to live meaningful for the year, nosotros are instantly projecting no contributions going forward,” Nvidia said. It projected third-quarter revenue of $3.25 billion, addition or minus two percent, falling curt of analyst estimates of $3.34 billion, according to Thomson Reuters I/B/E/S....MORE

And to a greater extent than tomorrow.
Earlier:
Ahead of NVIDIA Earnings: The Last of the "Easy" Comparisons (NVDA)