Crypto Craze Doesn't Excite Nvidia Even With Sales Boost
Bitcoin: What’s Coming in the Year Ahead
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The growth of cryptocurrencies is boosting Nvidia Corp.’s revenue, but that’s not about to distract the California chipmaker.
“We remain nimble in our approach to the cryptocurrency market,” Colette Kress, chief financial officer for Nvidia, said Thursday during the company’s quarterly earnings call. “It is volatile, does not and will not distract us from focusing on our core gaming market,” she said. Cryptocurrency-related products contributed about $70 million of revenue in the quarter that ended Oct. 29, compared with $150 million the previous three months, she said.