Nvidia Will Focus on Gaming Because Cryptocurrencies Are 'Volatile' The GPU manufacturer reaffirmed its commitment to gamers.
From Motherboard
Graphics card manufacturer Nvidia made almost $10 billion dollars in the last fiscal year, that’s up 41 percent from the previous period. The GPU company broke the news to its investors in a conference call on Thursday, and said that video games such as Star Wars: Battlefront II and Playerunknown’s Battlegrounds as well as the unprecedented success of the Nintendo Switch led to the record profits.Read more: https://motherboard.vice.com/en_us/article/qveb7w/nvidia-will-focus-on-gaming-because-cryptocurrencies-are-volatileThat and cryptocurrency. Graphics cards are the preferred engine of today’s cryptocurrency miners. It’s led to a shortage of the GPUs, a spike in their prices, and record profits for the company that manufactures them. “Strong demand in the cryptocurrency market exceeded our expectations,” Nvidia chief financial officer Colette Kress told investors during its earnings call yesterday. “We met some of this demand with a dedicated board in our OEM business and some was met with our gaming GPUs.”
But Nvidia is having trouble keeping up with the demand and it’s recommended retailers put gamers ahead of cryptocurrency miners while supply is limited. Kress acknowledged the shortage on the call and reaffirmed Nvidia’s commitment to gamers. “While the overall contribution of cryptocurrency to our business remains hard to quantify, we believe it was a higher percentage of revenue than the prior quarter,” she said. “That said, our main focus remains on our core gaming market as cryptocurrency trends will likely remain volatile.”
When Kress finished her statement and opened up the line to questions, the first question was about cryptocurrency. “Is crypto being modeled more conservatively?” An investor from Evercore asked.
If prices stay at this level and keep growing there will remain huge demand for crypto mining purposes. I think eventually they will become reliant on crypto miners and will begin to tailor chips for us.
Leave your thoughts in the comments below.
Follow @contentjunkie to stay up to date on more great posts like this one.
Click one of the links below to signup for a free crypto trading account
Best post ever seen on steemit upvoted for you. if have some seconds please review my post
That is the state of things untouchable or unreal, much doubt, but with a lot of money, a piece in the hand, and another in the air.
Well here is a new take on a solution.
The globalist bankers have a plan...... buy up all the cards! hahaha
I'd say take that to the bank, but seems thats where the cards are :-)
https://steemit.com/bitcoin/@stoneheart/russia-s-largest-bank-caught-employees-mining-for-crypto
Good information thanks
You got a 4.10% upvote from @buildawhale courtesy of @contentjunkie!
If you believe this post is spam or abuse, please report it to our Discord #abuse channel.
If you want to support our Curation Digest or our Spam & Abuse prevention efforts, please vote @themarkymark as witness.
This post has received a 5.62 % upvote from @booster thanks to: @contentjunkie.
You got a 3.62% upvote from @postpromoter courtesy of @contentjunkie!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
This post has received gratitude of 6.32 % from @appreciator thanks to: @contentjunkie.
They're having their priorities in the right place. Good info @contentjunkie! Thanks!