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Nvidia reveals its Q1 FY 2019 financial results
12 May 2018, 12:59 | Harold Aguilar
Jasper Gonzales Valdez
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.
Revenue from Nvidia's best-known business of gaming chips rose 68 percent to $1.72 billion, beating analysts' average estimate of $1.65 billion.
A total of $289 million United States dollars out of the $387 million OEM and IP revenue was related to NVIDIA's GPUs (Graphics Processing Units) for cryptocurrency mining. (NASDAQ:NVDA) has released information regarding its crypto-related sales in the company's first-quarter financial earnings report.
GPU sales to crypto miners are expected to fall by about two-thirds in the current quarter, Nvidia said. Nvidia managed to secure a deal with several key vehicle manufacturers, and its DRIVE Pegasus AI computing platform with Xavier SoC will probably get the company some future wins. While Nvidia is pushing for other markets, gaming department is the one that brings most of the cash, with revenue of United States $1.723 billion. "As a result, we could protect the vast majority of our limited gaming GPU supply for use by gamers". And some of the people really disliked it. And we're going to continue to help the gamers choose the graphics cards, like we always have, and things will sort out. 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 a year ago.
Earnings in this space are up 71 per cent year-over-year to a record $701 million. Huang noted that sales of DGX systems are now generating several hundred million dollars per year. Huang said that the company has doubled sales of its chips to cloud data centers for deep learning, but investor response was muted due to lower-than-expected sales. Like Nvidia, AMD also expects mining revenue to decline in the coming days.
Finally, cryptocurrency was still a major factor for Nvidia.
"Significant announcements that were made during the first quarter included the introduction of a new medical imaging supercomputer, under the title Project Clara, and NVIDIA RTX, a computer graphics technology which would make it possible for game developers to "[produce] movie-quality images in real time".
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This, however, is not the first time Priyanka Chopra has been subjected to the mercy of meme makers all over the internet. However, there were plenty of support for her dress as many fans made a decision to take on her critics on social media.