Nvidia CEO Jensen Huang shows off the Nvidia GeForce RTX 2080 Ti at Gamescom 2018.
Nvidia CEO Jensen Huang shows off the Nvidia GeForce RTX 2080 Ti at Gamescom 2018.
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Nvidia stock falls $14 billion on crypto-related earnings preannouncement

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Nvidia warned last November that the aftermath of the cryptocurrency bust would hurt its earnings, but now the company says weaker gaming and data center revenue will also result in lower-than-expected revenues for the quarter.

The stock fell 15 percent so far today, knocking out $14.2 billion in market value, as Nvidia said fourth-quarter revenue would be $2.2 billion, compared to previous guidance of $2.7 billion.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.