Technology

Nvidia Forecasts Big Drop In Cryptocurrency Chip Sales

Nvidia Forecasts Big Drop In Cryptocurrency Chip Sales”

Huang feels this could satisfy some of the pent-up demand from gamers who have been waiting for prices to recede to buy a new card. For fiscal 2019, it plans to return Dollars 1.25 billion.

Nvidia has again posted record revenues in its fiscal first quarter for 2019, boosted by gains across the board, but especially from new highs at datacenter and a strong contribution from gaming.

Nvidia held their Q1 earnings call last night, boasting bumper revenue, but also announcing an expected 67% drop in cryptocurrency revenue for the next financial quarter because of the recent dip in mining GPU demand.

At this year's GPU Technology Conference (GTC), Huang admitted that there was a shortage in high-end chips likes its Volta series marketed at companies and academics dealing with heavy AI workloads.

New details emerge in Reuben Foster domestic violence case
Last week prosecutors asked for more time to review the video, which was found on social media and the origins of which are fuzzy. She has since recanted her story, saying that her injuries happened during a fight with another woman.

Not only that, Nvidia also saw a huge bump in GPU sales and brought in $2.77 billion from GPU sales alone which is 77% up from previous year. "As a result, we could protect the vast majority of our limited gaming GPU supply for use by gamers". And most of the ecosystem loved it.

And so instead of all that distraction, we're doing so well. And so we made a decision to pull the plug because the distraction was unnecessary and we have too much good stuff to go do.

Earnings in this space are up 71 per cent year-over-year to a record $701 million. That nigh-on $300m chunk bought in by mining was part of $3.21bn that went through the books during the accounting period, an amount that's some 66% up on past year.

The automotive department is still hanging on, and although it is the lowest earner compared to other departments, it still brought U.S. $145 million, up by 10 percent compared to the last quarter and 4 percent compared to the same quarter a year ago. He notes that the biggest drivers for Nvidia are chips for data centers and artificial intelligence applications.

Opposition supporters rally across Russia, Navalny detained at unsanctioned protest in Moscow
When police tried to stop the unsanctioned march, protesters pelted them with eggs and water bottles, an AFP reporter said. In 2016, a group of Cossacks attacked Navalny and his supporters in Anapa, a city in southern Russian Federation .

Nvidia also regained some of its revenue from automated driving income, but this 4% yearly increase in revenue indicates that this is a long-term investment for Nvidia.

Finally, cryptocurrency was still a major factor for Nvidia.

Releasing a new generation of graphics cards would help, too. NVIDIA generated more revenue from gaming than all of its other market segments combined. It should be noted, however, that the drop came from a record high of over $260 per share hit just prior to that.

Priyanka Chopra about Meghan Markle: "It is not zazvezdilsya"
This is coming two weeks before the royal wedding , as Thomas said it is "not too late" to drop his sister (Markle Meghan). The fuming sibling, who hasn't seen Meghan since 2011, was also furious about not getting an invitation to the wedding.



Like this

Latest


12 May 2018
Cannes 2018: Make Way For 'Boss Lady' Deepika Padukone
After the elegant mesh white gown yesterday, Deepika Padukone has left the audience anticipating for her red carpet look today. Accessorising with wavy hair and crystal earrings , we reckon Deepika was the belle of the ball with this look.

11 May 2018
Manchin has big financial lead in race
This district went for Donald Trump by 12 points in 2016, but Democrats hold a clear edge in enthusiasm at this stage of the race. Blankenship was CEO of mine owner Massey Energy, whose Upper Big Branch mine in southern West Virginia exploded in April 2010.

10 May 2018
California first USA state to require solar on new homes
The current standards offer a solar-only credit, allowing for a trade off between solar power and energy efficiency. In this tight housing market, any roof - with or without solar panels - is desirable, real estate agents say .

09 May 2018
No surprise, but QB Joe Burrow leaving Ohio State as grad transfer
In a conclusion that has been suspected for months, quarterback Joe Burrow will not finish his college career at Ohio State . With Dwayne Haskins Jr. the favorite to start in the fall, Burrow previously acknowledged that a transfer was possible.

08 May 2018
Ivanka, Kushner to attend US Jerusalem Embassy opening
Last year's decision by the Trump administration to move the embassy to Jerusalem was harshly criticized by the global community. Amid the tensions ahead of the USA embassy move, Israeli Defense Minister Avigdor Liberman commented on this significant matter.

08 May 2018
Barca hold Madrid to remain unbeaten
Karim Benzema then headed the ball across goal and Ronaldo was there to finish the move, nipping ahead of Gerard Pique to score. After Luis Suarez had put the hosts in front at Camp Nou just 10 minutes in, Ronaldo levelled matters just four minutes later.

08 May 2018
First lady unveils "Be Best" campaign to address issues facing children
Her choice was ridiculed nearly immediately, given her husband's longtime habit of calling people names on Twitter, but Mrs. Trump wishes to help the next generation by creating change through awareness on a variety of issues that affect children".

07 May 2018
Thais upbeat for Asian Cup last 16 stage
Speaking at the draw, Chhetri said: "The AFC Asian Cup is an enormous opportunity for us and we are looking forward to it". But then, this time, we have UAE, Thailand and Bahrain - all good sides.

07 May 2018
Two-Time Wells Fargo Champ McIlroy In The Mix Again At Quail Hollow
The Northern Irishman was only one shot inside the cut mark at the halfway stage, along with Phil Mickelson and Tiger Woods. He shot 62, one off Rory McIlroy's course record, and wound up three shots out of the lead and in the penultimate group.

07 May 2018
Wenger sees Arsenal beat Burnley 5-0 in final home game
Wenger's final two games are away from home with trips to Leicester City and Huddersfield Town to come over the next week. Wenger has tipped Arsenal for future title challenges but his future remains shrouded in secrecy.



Recommended