NVIDIA suffers as crypto crashes and trade wars bite

NVIDIA wasn't joking when it warned that its performance for the quarter ending in January 27th, 2019 will fall short of expectations. The chipmaker's earnings report for the period shows that it posted a $2.2 billion revenue, which sounds impressive until you realize that it's down 24 percent from the year before. That figure is also down 31 percent from the previous quarter, which saw NVIDIA posting $3.18 billion in revenue. In addition, the company made $294 million in operating income, down a whopping 73 percent year-on-year and down 72 percent from the previous quarter. Meanwhile, its operating expenses went up by 25 percent from the same period a year before.