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Nvidia lowers revenue expectation on poor China demand

Cloud computing boom dies to some degree, less demand for crypto mining.

Chip maker Nvidia has lowered revenue expectations by $500 million, citing weak demand in China and a rocky cloud business.

Martin Stauss, director of Sharenet Johannesburg, speaks to Classic Business Breakfast with Moneyweb about the company’s expected disappointing performance and how it might be a trend for businesses with exposure to China.

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