Taiwan -based computer hardware producer Nvidia updated its financial estimates for Q4 for the fiscal year of 2019, according to a press release on Jan. 28. The company is reflecting weaker forecasted sales in its gaming and data center platforms, which comes from excess mid-range channel inventory following the slump in cryptocurrency markets. Q4 revenue is expected to be at $ 2.20 billion, opposed to the previous projection of $2.70 billion according to a statement released by Nvidia on Jan 28. The cryptocurrency mining frenzy drove up demand for Nvidia's graphics processing units ( GPUs ). However, once the demand began to disappear due to decreased crypto valuations, GPU prices did not decrease enough to attract new consumers to purchase more affordable cards. This led to what Nvidia founder and CEO Jensen Huang has called a "crypto hangover." Jensen Huang said in the press release, "Q4 was an extraordinary, unusually turbulent, and disappointing quarter."