Nvidia's second-quarter sales increased by 68
percent over the same time a year earlier, owing to strong performance from its
gaming, data center, and professional visualization platforms.
• Nvidia reported $6.5 billion in sales for the
quarter, according to results released on Wednesday. For the same time period,
net income was approximately $2.37 billion.
• In February, Nvidia announced the launch of its
Cryptocurrency Mining Processors, which are especially targeted towards crypto
miners, to address the worldwide lack supply of its cards.
• While sales of its graphics processing units have
aided revenue growth, Nvidia missed its estimate of $400 million in revenue
from mining-related cards for the quarter. According to Nvidia, sales of crypto
mining-related goods reached $266 million.
• When compared to the same time a year ago, income
from its data center and professional visualization platforms grew 35 percent
and 156 percent, respectively, while gaming revenue increased 85 percent.
• On Wednesday, the company's stock dropped 2.15 percent to approximately $190.40 per share.
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