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Slack blockchain
Slack blockchain





slack blockchain slack blockchain

Micron Technology, Intel, and Advanced Micro Devices have warned of fading export orders. He believes the company “has worked out most of the distortion of the crypto bubble”, estimating that Ethereum miners could have been responsible for 20–25% of Nvidia’s gaming revenue, but also that “sales might dip modestly for one more quarter before stabilizing.” Bryson reiterated his ‘neutral’ rating for the stock with a price target of $190, citing “outstanding queries about forward demand.”įortunes have reversed swiftly for the Santa Clara, California-based giant and other chipmakers in recent months as growing inventory collides with shrinking demand. “Whether the downtick in July fully accounts for those changes or whether there is still more room for sales to decline is one of the primary questions heading into the earnings call.” “Clearly there has been some impact from both softer crypto demand and the shift of Ethereum to proof of stake and these factors, more so than changes in gaming, are the reason behind their lower expectation for gaming GPUs in the July quarter,” says Matt Bryson, senior vice president of equity research at Wedbush. That’s below the company’s expectations, but still a record and up 61% from the 2021 quarter. In its preannouncement of Q2 results, Nvidia said gaming revenue accounted for $2.04 billion of sales, down 33% from the prior year and 44% from Q1, while the data-center segment has been impacted by supply-chain disruptions, with preliminary revenue of $3.81 billion, making it the firm’s largest segment.







Slack blockchain