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In November, Nvidia Corporation (NVDA) published its quarterly earnings report.
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16 after market close, with demand for its processing chips being hampered by a decline in cryptocurrencies and economic slowdowns in Europe and China.
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The share price of Nvidia is fallen by 45% this year (see chart below). Analysts anticipate an 18% year-over-year decline in third-quarter sales.
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The good news is that cloud-based applications and e-commerce are causing chip sales for data centres to rapidly increase over the next two years.
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The performance of that division will be crucial to the company's earnings for the quarters through October
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which are anticipated to reveal that it made 71 cents per share on an adjusted basis while the year, compared to $1.17 in the prior year.
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Another key to the company's results is how much demand for Nvidia's processors has been hurt by the recent drop in cryptocurrency prices.
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more importantly, the September "mining" of ethereum, or a transition from computerized to blockchain verification. Variation in Proof-of-Stake Method Math Problem-Solving.
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By one estimate, as of May, Ethereum accounted for 97% of mining revenue generated by graphics processing units (GPUs) like Nvidia.
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Nvidia says it cannot estimate the contribution of cryptocurrency mining to demand for its processors, although the company's chief financial officer admitted it fell in the quarter ended July 31.
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