Nvidia Says Crypto Drop-Off Helped Drive ‘Disappointing’ Fourth Quarter
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.
Investors accuse NVIDIA of bungling the chipmaker's response to 2017's mining hardware boom.
Investors suing Nvidia have opposed a motion from the U.S. chipmaker that would shut out the testimony from an ex-employee.
Selling dedicated crypto cards would alleviate pressure on Nvidia's consumer models.
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.
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.