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Coronavirus Crisis: The IT Industry Prepares For The Worst

While the spread of COVID-19, a.k.a. the coronavirus disease 2019, appears to be slowing, the IT industry is hoping to mitigate risks to their employees and their businesses, with many canceling conference participation or warning of financial risks.

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Nvidia Expects $100M Revenue Hit From Coronavirus

Nvidia Thursday said it expects its revenue to take a $100-million hit in revenue in its first fiscal quarter 2021 quarter due to the impact of the coronavirus outbreak. The company gave the guidance as it reported its fourth fiscal quarter 2020 financials.

"While the ultimate effect of the coronavirus is difficult to estimate, the company has reduced its revenue outlook for the first quarter of fiscal 2021 by $100 million to account for its potential impact," the company said in a statement.

 
 
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