Nvidia Says Q4 Crypto Miner Demand Was as Weak as Expected
Nvidia has cut its 4Q revenue forecast, which already factored in reduced demand for GPUs used in crypto mining.
Investors suing Nvidia have opposed a motion from the U.S. chipmaker that would shut out the testimony from an ex-employee.
An amended lawsuit accuses the chip maker of concealing $1 billion in graphics processing unit sales to crypto miners to downplay risk to long-term profits.
Investors accuse NVIDIA of bungling the chipmaker's response to 2017's mining hardware boom.
Chip making giant Nvidia has been making its case for why a court should dismiss a lawsuit alleging it misled investors over the demand for its graphics cards from cryptocurrency miners.
Graphics card maker Nvidia has said the downturn in sales to crypto miners drove a drop in revenue in Q4, despite a record year overall.