Nvidia’s income will increase, despite the mining decrease in demand

Verified
3 months ago
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Analysts polled by FactSet believe that Nvidia will increase revenue in the current quarter, despite a decline in demand for equipment for mining. It will be possible with strong demand for gaming devices and equipment for data centers.

The decrease in the company’s profit from the sale of “hardware” for the mining of cryptocurrencies will be compensated by the growth in sales of servers and equipment for games. It is expected that revenue from the Nvidia gaming sector will grow by 47% to 1.75 bn per year, and revenue from data centers will increase by 78% to $ 740 mln.

Earlier, the decline in sales and the drop in revenue from the sale of video cards reported by AMD. Because of this, the price of the company’s shares decreased by 5.2% on NASDAQ