NVDA says that its first data center CPU is optimized to deliver 10 times “the performance of today’s fastest servers on the most complex AI and high performance computing workloads.” This product is a custom designed, Arm-based processor aimed at data centers.

Nvidia didn’t just release a financial update on Apr. In its Q1 earnings update, the company noted that it has already sold $150 million worth, compared to the projected $50 million. Meanwhile, the new crypto cards are selling better than expected. Nvidia’s new RTX 3000 series GPUs are still in short supply, but consumers aren’t competing against crypto miners to buy them now. New graphics cards will automatically throttle performance if used for crypto mining. Additionally, it took measures to prevent miners from snapping up all its new consumer GPUs. Acknowledging mining as an actual line of business, NVDA created a GPU specifically for that market. This time, though, the company is doing things differently and managing the crypto market much more carefully.

In 2018, this effect hammered NVDA stock when miners suddenly stopped buying. Plus, the crypto market can dry up without warning. That results in bad PR when stock runs out. Crypto miners can be big business, but they compete against NVDA’s core customer base for graphics cards. Nvidia has been through this cycle before and learned a painful lesson.

Crypto Is Once Again a Goldmine for NvidiaĬryptocurrencies are hot once again, which means that demand for graphics processing units (GPUs) for crypto mining rigs is through the roof. 15, shares closed at the new all-time high. Unsurprisingly, NVDA stock popped on this news. In addition, the company noted that it has sufficient supply on hand to support sequential growth beyond Q1 - no small feat during a global chip shortage.

12, however, Nvidia announced that revenue for the quarter is tracking above those projections. Previously, though, the company had already issued revenue guidance of $5.3 billion for the quarter, plus or minus 2%.ġ0 Dividend Aristocrat Stocks for Your Reliability Short List Nvidia is expected to release its Q1 fiscal 2022 results on May 26. NVDA Stock: Q1 Revenue Is Tracking Better Than Expected

Latest nvda stock news