Nvidia sells left over miner parts
Published On : 2019-03-21 11:45:11
NVIDIA News Recap at GTC 2019
According to Bloomberg:
"Nvidia Corp. said chip inventory built up in anticipation of cryptocurrency mining demand that fizzled is expected to be cleared out in the current quarter. The company also maintained its optimistic forecast for fiscal 2020.
Nvidia is still working through the stockpile of unsold parts, but remains confident it’s on track to complete that effort as previously predicted, Chief Financial Officer Colette Kress told analysts and investors Tuesday at a company event in San Jose, California. The chipmaker is sticking by an outlook of revenue that will be flat or slightly down from last year for fiscal 2020. That forecast compares with an average analyst estimate of a 4 percent decline."