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Nvidia suffers decreased GPU Sales and Stock prices drop 15 percent

Nvidia suffers  decreased GPU sales as less people are willing to buy and to make matters worse, their Geforce 20 series are suffering a boat load of problems for users.

The CEO of Nvidia, Jensen Huang, has confirmed 12 weeks of unsold Graphics Processing Units inventory which would take at least one quarter to clear.

As a result, Nvidia would have to stall shipments of mid-range GPUs to reduce stacking more GPUs in their inventory.

Nvidia has determined that due to the sudden rise and fall of the cryptocurrency, bitcoin, crypto coin miners had slowed down in purchasing a GPU, as other digital currencies have become less valuable to mine with an Nvidia GPU.

After the third quarter, Nvidia reported their earnings for that fiscal quarter which ended on October 28 and saw a stock price drop of 15 percent in after-hours trading.

This totals to over $20 billion drops in market value.

In comparison, their gaming revenue that quarter was 1.764 billion USD, which is a drop by two percent from the previous quarter ($1.805b) and a total drop of 13 percent from last year.

In addition to that, the fact numerous complaints have risen from customers who purchased their latest GPU, the Geforce RTX 2080 Ti Founders Edition, which has a critical malfunction to a majority of users, is not putting Nvidia in a better spot.

Failures that were reported during the release regarding the GPU were strange graphical errors and the dreaded BSOD (Blue Screen of Death), which is a display dependent issue and in some cases, game dependent.