At its financial meeting today, NVIDIA shared the revenue it has earned in the last 3 months and earned throughout the year. The shared results showed that NVIDIA achieved great success despite the impact of the chip crisis.
The world’s largest companies continue to announce data for the fourth quarter of their fiscal years, one after the other. Finally, the other day, AMD managed to dethrone Intel for the first time in history by announcing its own earnings and value, while today another company from the same industry shared its 4th quarter results.
NVIDIA announced how much it earned in the fourth quarter of its fiscal year ending January 30, and its total earnings for the year. According to the announced data, the company has been operating in the last 3 months. $7.64 billion earned income. This number is compared to the same period of the previous year. 53% increase showed that it happened.
The chip crisis wasn’t enough to stop NVIDIA
The company’s income from the gaming industry is also 3.42 billion dollars declared as. Again, this number increased by 37% compared to the same period of the previous year. During the entire period of the financial year, the company Revenue of $26.9 billion that you did announced. The data announced by the company showed that NVIDIA achieved great success despite the chip crisis.
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Also speaking about NVIDIA’s refusal to buy ARM, CEO Jensen Huang said, “Our proposed purchase was triggered by questions. We worked hard for over a year.” he said. Ever since NVIDIA announced that it will buy ARM response from both competitors and regulators. could not resist.
Good news for players: Demand for mining cards is decreasing, stocks are increasing
NVIDIA also included graphics cards dedicated to cryptocurrency mining, which it released in this year’s earnings announcement. Company, 550 million dollars in the last 1 year sold mining cards worth in the last 3 months and the sale is worth $24 million declared that. NVIDIA’s last 3 months data, demand for video cards for mining compared to previous months that you are decreasing became an indicator.
However, CEO Huang restrictions are gradually being lifted. also announced that the company’s product stocks in the second half of 2022 announced that it will increase significantly. These two news are due to low stock of video cards at crazy prices These days, which he has, have been the harbinger of good times for the players.
Source :
https://www.pcgamer.com/nvidias-latest-earnings-report-contains-some-good-news-for-gamers/