Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Mi...
Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion. Within the graphics segment also falls the gaming division. Nvidia said that its new line of graphics cards based on a new technology called Ampere drew strong interest from computer and videogame console developers. For example, one of the new models, the Geforce RTX 3080, went on sale in September....
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Despite the surging crypto market rally, Nvidia believes its record first-quarter earnings are the result of high demand from the gaming industry. Nvidia, a leading manufacturer of graphics processing units, or GPUs, has announced record earnings for Q1 2021. However, the firm has downplayed the role of the crypto bull market in driving its impressive performance, primarily attributing demand for its products to gamers.The firm reported an 84% increase in sales overall, with the impressive performance owing to a period of sustained growth despite global shortages of semiconductors.Nvidia’s....
Nvidia RTX 3060 GPUs are going for as low as $270 as crypto miners in China dump their cards on the used market amidst the nation’s Bitcoin crackdowns. Cheap Used Nvidia RTX GPUs Flood The Chinese Market As Miners Dump As China continues cracking down on Bitcoin and mining in the country, some miners have […]
According to Nvidia’s Q2 earnings report, Ethereum mining GPUs didn’t perform up to expectations. And that’s despite the company noticing a record 68% increase in total revenues. Nvidia Q2 Revenue Surges 68%, While Crypto Mining Cards Underperform Nvidia has announced the financial report for second quarter of fiscal year 2022. As per the report, the […]
The company expects a minimal contribution from its cryptocurrency mining processor sales going forward. Nvidia beat the expectations by generating over $6.5 billion in revenue, but the chip manufacturer missed the target for its crypto-mining GPU line.The California-based tech giant announced its financial results for its second fiscal quarter ended Aug. 1, 2021. Key highlights include $6.51 billion in revenue, 15% up from the first quarter, and $1.04 billion earnings, both largely bolstered by gaming, data center and professional visualization equipment sales.With the addition of GeForce....
Graphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter. The company admitted that crypto miners have also pushed sales up in the gaming products segment which remains its main market. Leading GPU Maker Reports Record High Video Card Sales Supported by Crypto Miners Announcing its first quarterly results for the fiscal year 2022, Nvidia revealed its total revenue rose 84% in Q1 that ended on May 2. The record high $5.66 billion figure, which exceeded preliminary expectations, comes from the....