Nvidia Crypto Mining Chip Sales Plummet Further: Ethereum (ETH) Merge Fallout?

Chip manufacturing giant Nvidia Corp (NASDAQ: NVDA) reported a 66% quarterly revenue decline in its original equipment manufacturing (OEM) segment, which accounts for sales from its cryptocurrency mining processor (CMP) product line. What Happened: Nvidia’s OEM revenue for the second quarter tumbled to $140 million from $409 million a year earlier, contributing to just 2% of its overall quarterly revenue.