Nvidia Earnings Announces the End of Cryptocurrencies

. 2 min read

Nvidia today announced what Intuitive Code announced in December 2017, the end of crypto-markets and cryptocurrencies, the biggest Ponzi in stock markets history.

Nvidia Earnings for small investors

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The End of the Crypto Ponzi as Forecasted by Intuitive Code AI

Cryptocurrencies an American Ponzi scheme

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Nvidia commented.

“Our revenue outlook had anticipated cryptocurrency-specific products declining to approximately $100 million, while actual crypto-specific product revenue was $18 million,” Kress said in prepared remarks. “Whereas we had previously anticipated cryptocurrency to be meaningful for the year, we are now projecting no contributions going forward.”

Cryptocurrency was clearly a small part of Nvidia’s overall revenue, which grew 40% in the second quarter to $3.1 billion, led by its gaming business. But as Nvidia’s graphics chips and cards have been used in the past year for mining digital currencies, its stock became popular as an alternative to cryptocurrencies for some investors.


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