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The Impact of the Cryptocurrency Trend on NVIDIA’s Earnings

Paige Tanner
The Impact of the Cryptocurrency Trend on NVIDIA’s Earnings

NVIDIA’s (NVDA) and Advanced Micro Devices’ (AMD) latest earnings saw setbacks as they suffered from the after-effects of the cryptocurrency boom. This stoked demand for GPUs (graphics processing unit), which helped miners mine currency at relatively low costs. This saw NVIDIA’s revenue from OEMs (original equipment manufacturer) and IP (intellectual property) rise 115% sequentially to $387 million in the first quarter of fiscal 2019, which ended in April.