Nvidia Reveals Crypto Sales for First Time and Predicts Big Drop

Nvidia Corp. revealed for the first time how much revenue it generated from chip sales to the cryptocurrency market -- and said that figure will be much smaller in the second quarter.

Demand from cryptocurrency miners was stronger-than-expected in the first quarter and translated into revenue of $289 million, Nvidia said Thursday on its earnings conference call. Crypto sales will probably fall by about two-thirds in the current fiscal quarter, the company said.