To the surprise of Nvidia’s executives, demand from the cryptocurrency market has been stronger than expected. So strong has this demand been that it may have helped boost the company’s Q4 2018 revenues above the numbers posted for Q3 2018. Earnings and cryptos While the Nasdaq, which is where Nvidia is listed, slid to near correction territory on Thursday, Nvidia’s strong earnings report pushed its stock higher. On the doom-and-gloom trading day that was Thursday, investors cheered Nvidia, and caused its stock to rally higher more than 10%. Nvidia posted record quarterly revenue of $2.91 billion, up 34% from a year ago. It also recorded full-year revenue of $9.71 billion, up 41% from a year ago. The increased crypto demand is thought to have boosted the growth in sales for the company’s Pascal-generation graphics processing units (GPUs) for gaming #pascal #gpu #mining #tothemoon #nvidia #graphics #card #graphicsprocessingunit #gaming #gpumining #nvidiamining #cryptocurrency #crypto #cryptonews94 #coin #bitcoin #altcoin #cryptomining #profit #strong #gtx #titan
