Saturday, March 17, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Standalone Oculus Go Headset Could Debut Next Month
Qualcomm Director Paul Jacobs to Exit Qualcomm Board
Samsung Galaxy S9 and S9+ Go On Sale
Samsung in Talks With Boeing to Bring Mobile Tech To Planes
Samsung's Galaxy S9 Said to Use Chinese Optical Parts
Facebook Lite to Come in the U.S. and Elsewhere
Android Wear Becomes Wear OS by Google
U.S. Sanctions Russian Cyber Actors for Cyber-Attacks
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Graphics Cards > Nvidia ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, August 11, 2017
Nvidia Chips ride Cryptocurrency Boom

Nvidia's quarterly revenue in its data center and automotive businesses missed estimates, but earnings and revenue beat analysts' targets, due to strength in gaming chips that are also used to process cryptocurrency transactions.

Revenue from Nvidia's data center business - which counts's Web Services and Microsoft's Azure cloud business among its customers - more than doubled to $416 million.

Automotive business revenue surged 19.3 percent to $142 million, but also fell short of analyst expectations.

Sales of high-end gaming graphics cards used to process cryptocurrency transactions soared. Miners use computers to process cryptocurrency transactions, and they are rewarded with additional cryptocurrency.

Net income more than doubled to $583 million in the second quarter ended July 30.

Nvidia's total revenue rose 56 percent to $2.23 billion.

For the third quarter, Nvidia said it expects revenue to be $2.35 billion, plus or minus 2 percent.

"Adoption of NVIDIA GPU computing is accelerating, driving growth across our businesses," CEO Jensen Huang said in a statement. "Datacenter revenue increased more than two and a half times. A growing number of car and robot-taxi companies are choosing our DRIVE PX self-driving computing platform. And in Gaming, increasingly the world's most popular form of entertainment, we power the fastest growing platforms - GeForce and Nintendo Switch.

The chief executive also highlighted the company's AI innovations, including the Volta GPU for deep learning.

"This quarter, we shipped Volta in volume to leading AI customers," he said. "This is the era of AI, and the NVIDIA GPU has become its brain."

HBO Offered $250,000 to Hackers        All News        Microsoft Announces Windows 10 Pro for Workstations
AMD Radeon RX Vega Graphics Cards and Radeon Packs Available Now     Graphics Cards News      NVIDIA Supercharges Rendering Performance with AI and Titan Xp Update

Get RSS feed Easy Print E-Mail this Message

Related News
GPU Market Declined seasonally in Q4, Despite Interest in Cryptocurrency Mining
Nvidia Reports High Revenue on High GPU Demand
Nvidia to Work With Continental on Robocars
Chinese Automaker Chery to Use NVIDIA SoC for Level 3 Autonomous Cars
Nvidia Patches Graphics Cards For Spectre Flaw
CES: NVIDIA Launches Big Format Gaming Displays, NVIDIA DRIVE Xavier SoC, and More
NVIDIA Says New TITAN V GPUs Transform the PC into AI Supercomputer
NVIDIA GPU Cloud Now Available to AI Researchers
GPU Shipments in Q3: AMD Increased 8 percent, Nvidia Increased 30 Percent
Broadcom, Qualcomm and NVIDIA Remain Top Fabless IC Design Houses
NVIDIA Tesla V100 GPU Available in Volta-based Cloud Services
GPU Demand for Gaming and Datacenters Boost NVIDIA's Quarterly Profit

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .