Nvidia forecast beats expectations but crypto mining's role remains unclear


FILE PHOTO: The logo of Nvidia Corporation is seen during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. REUTERS/Tyrone Siu/File

(Reuters) - Nvidia Corp forecast second-quarter revenue above analysts' estimates on Wednesday, but shares fell 1% after-hours as the company could not say for certain how much of its recent revenue rise was driven by the volatile cryptocurrency-mining market.

Demand for Nvidia graphics chips for video gaming boomed through the pandemic. This added several years of rapid sales growth for data center chips used in artificial intelligence applications such as image recognition.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Microsoft plans first voluntary employee buyout, CNBC reports
Assassin's Creed maker Ubisoft bets on 'Black Flag' remake to turn its ship around
In two Amazon units, 'builder' replaces traditional job titles
Milan tech firm Bending Spoons picks banks for $20 billion US listing, sources say
France swaps Microsoft for Iliad's Scaleway to repatriate health data hub
Applied Digital signs $7.5 billion AI data center lease with US hyperscaler
Tesla's $25 billion spending plan tests investor faith in unproven AI bets
Huawei to invest $2.63 billion on R&D in smart driving technologies
Indian food delivery giant Zomato drops pricing clause after pushback, source says
Comcast beats estimates on sports boost, easing broadband losses

Others Also Read