Fortunately for Nvidia Corp., it also appears to be accurate. The performance upgrade for the company’s Turing family was considered disappointing relative to the previous cycle’s boost—especially at the higher prices Nvidia was demanding. That inflated sales in the few quarters before the first Turing chips hit the market in late 2018, then hurt sales when miners later dumped those chips on the secondary market. Nvidia’s gaming revenue fell for four straight quarters following the launch, and its highflying stock shed more than half its value during the last three months of the year. The road looks clearer for the company’s newest gaming chips announced earlier this week.
Source: Wall Street Journal September 03, 2020 11:03 UTC