1/7/2023 0 Comments Nvda earnings expectations![]() Nvidia's gaming graphics cards now have software that prevents them from being used for cryptocurrency mining, the company said. ![]() ![]() The company said it was primarily due to increased sales of its GeForce consumer graphics processors, but the company said supply remained limited. Gaming, Nvidia's biggest market, reported $3.2 billion in sales, up 42% from $2.27 billion in the same quarter last year. Kress said customers are using the chips for tasks such as understanding human speech and crunching data to offer customer recommendations. Nvidia CFO Colette Kress wrote that the growth was driven by GPU sales to "hyperscale customers," an industry term that means cloud providers such as Amazon AWS, Microsoft Azure and Google Cloud. Nvidia reported $2.9 billion in data center sales, up 55% from $1.9 billion in the same quarter last year. The company has made significant gains in data centers, where cloud providers and big enterprises are turning to the kind of graphics processors made by Nvidia for artificial intelligence applications. The company has had more demand than it can fill, especially for its hard-to-find GeForce graphics cards that are popular with gamers. Nvidia stock has been on a big run, with shares up more than 124% year to date. Nvidia said it expects to report around $7.4 billion in the current quarter, ending in January, higher than analyst expectations of $6.86 billion. Revenue: $7.10 billion versus $6.82 billion expected, up 50% year over year.Earnings: $1.17, adjusted, versus $1.11 expected, up 60% year over year.Here's how it did versus Refinitiv consensus expectations for the quarter ending Oct.
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