NVIDIA GUIDES DOWNWARD

In the quarterly report issued a few minutes ago, nVidia believes that revenue will be softer looking forward.

nVidia probably follows digital coins and they have continued to fall as more backers walk away. Many who mined coins now have abandoned the idea and have been selling cards on eBay by the thousands.

nVidia does about $3 billion in business quarterly. nVidia has been successful selling hardware to the corporate server market. This has offset the reduced demand for cards by coin miners.

Looking far forward the digital coin mess will largely be a bad memory. Video cards will still be sold to the gaming community as the industry still is enjoying organic growth.

Over the last month digital coins have continued to fall rather aggressively. Far fewer are willing to take a risky position. Digital coins do not pay interest or dividends.

The future for gaming is solid and this is where the future is headed.