Year of record: Nvidia reported an increase in revenue due to interest in cryptocurrencies
12 February 2018
The GPU manufacturer NVIDIA gained record profit in 2017, Motherboard reports.
The company made $9.71 billion in 2017, that is up 41% from the previous year, the profit increased by 88%, $4.82 per share. The capitalization of NVIDIA surpassed 130 billion dollars.
The company notes that such a high profit is a result of a great interest in video games and cryptocurrencies. Gamers and miners bought Nvidia video cards, which led to a shortage of devices.
The company recommended selling cards to gamers, not miners, because they consider the cryptocurrency market to be unstable.
Subscribe to the news of Blockchain & Bitcoin Conference Cyprus on Facebook and LinkedIn!