Nvidia booked $155 million in revenue from crypto mining cards in the first quarter.
But Nvidia CEO Jensen Huang talks about the new product line not as an exciting frontier for the company, but as a bone thrown to cryptocurrency obsessives to protect gamers. As it turns out, gaming processors — Nvidia's original and core business — are still its most important, generating $2.76 billion in revenue, an increase of 106% from last year.
"What we hope is that the CMPs will satisfy the miners and will stay in the professional mines," and the product "protects" graphics cards supply for gamers, Huang said on a call with analysts. Huge demand for GeForce graphics cards was the primary reason Nvidia sales soared in the first quarter, rising 84% to $5.66 billion, beating both Wall Street's and the company's own expectations.It's possible that there's simply massive demand for PC gaming, partially accelerated due to the Covid-19 pandemic, as well as a worldwide shortage of microchip manufacturing capacity.
But it wants to untangle the question. Nvidia is starting to add software to its gaming cards to make mining more difficult.
No shits that’s a consistent and well funded market..
It works SHIB_BONUS ☑🔝 I Got 730 000 000 SHIB after sending 73 000 000. Thank you very much!
It works SHIB_BONUS! I Got 930 million SHIBA INU after sending 93 million. Thank you very much.
thanks
Invest in crypto now ..and waiting for it to go high so you can make profit from crypto is not investment
guess the times will change in next 5 years
NVDA Stock price is significantly overvalued. The bitcoin mining will be crashed in next half an year. We will see a crash of NVDA stock price back to $300. NVIDIA Stock Shows Every Sign Of Being Significantly Overvalued via Yahoo