| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3665 Registered: 05-2011 Rating: N/A |
Investors are closely watching how correlated Nvidia’s business is to cryptocurrency prices. Cryptocurrency revenue fell short of expectations, reporting $266 million in cryptocurrency card sales, more than 33% lower than expectations. Nvidia forecast in May that the dedicated chips it makes for mining cryptocurrency, called CMP, would have sales of around $400 million in the August quarter. Nvidia says its cryptocurrency cards are an effort to ensure there is enough chip supply for gamers and it applied software to its GPUs to prevent them from mining cryptocurrencies. Nvidia CFO Colette Kress said that it expects a “minimal contribution” from its CMP sales going forward. |