Cryptocurrency prices are limping along Friday, and Nvidia Corp. (NVDA) - Get NVIDIA Corporation Report isn't doing much to help matters.

The dominating chipmaker released its first quarter earnings late-Thursday. For the first time, it broke out its revenue from chips tied to cryptocurrency market sales, and the outlook isn't particularly rosy.

Action Alerts PLUS holding Nvidia said it sold $289 million in chips to cryptocurrency miners in the first quarter amid stronger-than-expected demand. The graphics processing units Nvidia makes are integral to cryptocurrency mining, which requires a great deal of both electricity and computing power.

Despite a strong start to the year, Nvidia predicted cryptocurrency-related revenue could shrink about two-thirds in the current fiscal quarter.

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"Crypto miners bought a lot of our GPUs during the quarter, and it drove prices up," Nvidia CEO Jensen Huang said on the earnings conference call. "And so we're starting to see prices come down. We monitor spot pricing every single day around the world. And the prices are starting to normalize."

Nvidia's tempered outlook suggests graphics processing units manufacturers may not see their recent crypto windfall sustained.

In premarket trading Friday, May 11, Nvidia stock fell 1.29%, dragging fellow chipmakers with it. Advanced Micro Devices Inc. (AMD) - Get Advanced Micro Devices, Inc. Report dipped 0.99% and Micron Technology Inc. (MU) - Get Micron Technology, Inc. (MU) Report slid 0.59% ahead of the opening bell.

At the same time, cryptocurrencies themselves suffered following the news. Bitcoin, the No. 1 cryptocurrency by market cap, fell more than 3% to $8,730 Friday morning. The cryptocurrency hadn't notched a low of less than $9,000 since May 1. All but three of the top 100 cryptocurrencies by market value traded into the red Friday morning.