Ethereum's "Merge" Is Having a Big Impact on NVIDIA Stock

By Travis Hoium – Aug 22, 2022 at 9:16AM

NASDAQ: NVDA

Nvidia

Market Cap

$2,066B

Today's Change

(3.71%) $29.55

Current Price

$826.32

Price as of April 25, 2024, 4:00 p.m. ET

Ethereum's "Merge" may have caused a big revenue miss by NVIDIA.

NVIDIA (NVDA 3.71%) gave a surprising revenue warning this month and the cause could be Ethereum's (ETH 0.03%) "Merge" to a proof-of-stake validation system. This video digs into the guidance and why Ethereum's impact may last a while.

*Stock prices used were the closing prices of Aug. 19, 2022. The video was published on Aug. 21, 2022.

Travis Hoium has positions in Ethereum. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.

Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/riiv, I'll earn some extra money that supports my channel. My opinions remain my own and are unaffected by The Motley Fool.