Wednesday, May 25, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Cryptocurrency

NVIDIA Share Value Drops By Nearly 50%; Blames Loss Of Value On Cryptocurrency Decline

by John Law
December 14, 2018
The NVIDIA DGX-2 Is The World’s Biggest GPU; Priced At RM1.5 Million
208
SHARES
4.2k
VIEWS
Share on FacebookShare on Twitter

NVIDIA’s market share value took a huge hit recently, losing 48.8% and dropping down to just below the US$148.90 (~RM623) per share. For the GPU maker, it’s clear who the culprit behind its plummet is – the declining interest in cryptocurrency mining.

According to Techspot, signs of the decline apparently began popping up several weeks ago, just as Bitcoin’s value suddenly dropped by the RM2000 market. At the time of writing, the value of Bitcoin is currently hovering between RM13000 and RM14000.

To that end, NVIDIA admits that it had failed to see the decline of cryptocurrency mining. A major contributing factor to the brand’s profit surge over the last several quarters, and even going so far as to overestimate the demand for miner GPUs, so much so that it has now been left with a glut of GeForce GTX 1060 graphics cards.

ADVERTISEMENT

NVIDIA has been hoping that its new Turing-powered RTX Series graphics cards would help with bridging the gap, but the exorbitantly high asking retail prices for each variation of the cards have made the difficult for gamers to embrace the next-generation GPU.

It gets even worse for NVIDIA. Japan’s Softbank Group, and also the brand’s fourth largest shareholder, has taken notice of this decline, and is contemplating selling its stake in the GPU maker. If they do choose to sell, it will reportedly net the bank a whopping US$3 billion (~RM12.56 billion) in profit.

(Source: Techspot)

Tags: cryptominingnvidiashare value
Back to top
Share83Tweet52SendShare

ADVERTISEMENT

RELATED ARTICLES

ASUS Announces ROG Swift 500Hz Gaming Monitor
Hardware

ASUS Announces ROG Swift 500Hz Gaming Monitor

by John Law
May 24, 2022

Earlier today during NVIDIA's Computex keynote, the GPU brand helped its brand partner, ASUS, by announcing the ROG Swift 500Hz....

Read more
Corsair’s First Ever Gaming Laptop Is An All-AMD Machine
Laptops

Corsair’s First Ever Gaming Laptop Is An All-AMD Machine

by John Law
May 24, 2022

During its keynote yesterday, AMD had a couple of announcements besides the new Ryzen 7000 Series desktop CPUs. One particular...

Read more
e-hailing grab airasia
E-Hailing

E-Hailing Firms Free To Set Own Prices, Says Transport Minister

by Ikmal Rozlan
May 24, 2022

With public transport not being the most reliable or convenient as of late, e-hailing is a popular option among city...

Read more
klang valley traffic congestion jams
Transportation

Proposals For New Klang Valley Highways Approved To Reduce Congestion

by Ikmal Rozlan
May 24, 2022

Daily Klang Valley commuters are no stranger to traffic jams but lately, the congestion seems to be getting noticeably worse....

Read more
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    Transportation

    Proposals For New Klang Valley Highways Approved To Reduce Congestion

  2. 2
    Photography

    Huawei and Leica Partnership Is Officially Over

  3. 3
    Automotive

    DFSK EC35 Electric Van Goes Official In Malaysia: Available For RM130,000

  4. 4
    Mobile

    Samsung Galaxy A73 Review: Pushing The Price Barrier

  5. 5
    E-Hailing

    E-Hailing Firms Free To Set Own Prices, Says Transport Minister

Lowyat.NET

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.