Nvidia Reveals Crypto Sales and Expects Great Dip
Nvidia Corp. released for the first time what their revenue from chips, sold to crypto market, is. What is interesting, he predicts lessening the profit in near future.
Demand from cryptocurrency miners was stronger-than-expected and led to a revenue of $289 million, Nvidia said Thursday on its earnings conference call. Crypto sales will mostly drop 2/3 of their price in $, the company said.
Ctypto miners have been buying most of the GPUs. As a result, many gamers were unable to buy the new GeForce.
After all, Nvidia experienced a drop of 3,8 % after the earnings were annonced.
Source:https:bloomberg.com
IMG source:www.express.co.uk
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