According to analysts who polled by FactSet, Nvidia will see increased revenue this quarter despite the decreasing trends of cryptocurrency mining. As Marketwatch reported two days ago, the increase will be mainly due to the strong demand for gaming devices and data centers.
Even though some analysts predicted that the company’s revenue from crypto mining hardware will decline, the US manufacturer will see significant growth in its gaming and server sales.
As the poll predicts, the revenue from the gaming sector is expected to bring in Nvidia more than $1.75 billion on a year-to-year basis, growing by 47%. The data-center revenue, on the other hand, is expected to surge by more than 78%, cashing in more than $740 million for the major GPU manufacturer.
In May 2018, Nvidia reported that it generated $289 million from the processor sales in the crypto market. This resulted in a spike in the crypto sales for the company, which rose by over 9% of Nvidia’s overall revenue which stood at $3.2 billion.
What’s interesting is the fact that chips for crypto mining make even 76% of the OEM (Original Equipment Manufacturer) revenue for Nvidia which was up 115% from the previous quarter. Still, Nvidia suggested that the sales will decrease by two-thirds in the second quarter.
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