Nvidia expects the bull market for crypto-currencies

the spirit of optimism in the case of Nvidia: The graphics card manufacturer is confident about the crypto-future and is expecting a long-term bull market. Currently, Nvidia is sitting still on a whole bunch of unsold chipsets. The company, however, assumes that the demand and thus the sales – tighten again soon.

Selim Baykara
22. March 2019BTC$3.997,97 -0.49%part Facebook Twitter LinkedIn xing mail

On a corporate event in San Jose, California, is the chief financial officer of Nvidia, Colette Kress said, on Tuesday, the 19. March, in front of analysts and investors that the graphics card manufacturer with increasing sales in this quarter count. Therefore, we are confident that all the non-graphic bought to sell cards in the near future.

Nvidia: Increasing profits after the sale of Mining Equipment

The expected turnover, the Nvidia is slightly more conservative. The company expects that the profits will develop to fiscal year 2020, evenly, or in the worst case, slightly downward. This prediction coincides with the opinion of most analysts. This is the average, with a slight loss of four percent.

NVIDIA's CTO, Jensen Huang, is still that the profits will increase after the sale of surplus Mining Chips. For the future of Nvidia's CEO predicts strong growth rates, especially in the areas of eSports, Virtual Reality, and Data Center Management. Recently Nvidia had taken over the Israeli network equipment supplier Mellanox, and for around seven billion dollars of the competition of Intel in front of the nose snapped up.

hangover in crypto-miners stops – but there is a ray of light

For the First but all these are only visions. Strictly speaking, Nvidia is still deep in the bear market. The Chips are stacking in the Camps, has its reason. The demand for Mining-suitable for graphics cards increased from 2016 to early 2018 solid; only to fall just as deep again.

the loss has not recovered Nvidia until today. In the S&P 500 Index of the 500 largest listed U.S. companies, the shares of Nvidia were the end of 2018, even to the biggest losers. After the hangover in the crypto-market, Nvidia is planning to enter, therefore, probably also back in a big way in the production of Mining Equipment, but are limited to the excess inventory to get rid of.

In the stock market, Nvidia has, after all, a little recovered. After the massive losses of the past year, the price rose since the beginning of 2019 again to around 27 per cent. And also for Mining enthusiasts, there is a small ray of light. A report from the data analyst of Diar, according to profits from Bitcoin-miners rise since the beginning of March, after they were previously on the lowest level in 18 months.

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