Switch, PC, and crypto all lead to booming growth for Nvidia
12 May, 2018, 12:57
Gaming remains Nvidia's biggest market, by a wide margin.
There is still no word on when we may see a successor to Pascal in the gaming GPU market, but hopefully we'll get more news on that front in the coming months. But that was then and this is now, and for the GPU maker's first quarter ended April 29, 2018, NVIDIA saw its revenue shoot up 66 percent to $3.21, marking the best quarter the company has ever had. In total, Nvidia's GeForce gaming business brought in $1.72 billion, growing 68 percent compared to Q1 previous year. On Thursday, Nvidia notched an all-time high of 260.50.
Nvidia held their Q1 earnings call last night, boasting bumper revenue, but also announcing an expected 67% drop in cryptocurrency revenue for the next financial quarter because of the recent dip in mining GPU demand. Retail prices for Nvidia's gaming chips surged earlier this year as miners snapped up chips, a development Nvidia addressed by releasing mining-specific chips. According to Kress, "while supply was tight earlier in the quarter, the situation is now easing".
Investors shouldn't obsess about the crypto business, Rosenblatt Securities analyst Hans Mosesmann said.
But that number is going to look significantly different at the next quarterly earnings call, with Nvidia anticipating a revenue drop of two-thirds.
Patrick Moorhead of Moor Insights & Strategy said he was not concerned by the lower-than-expected data centre revenue because the buying patterns of huge cloud customers were "lumpy".
The Exorcist: Cancelled; No Third Season of FOX's Horror Series
That put it outside of the Top 10 broadcast shows on Friday night, and it was ranked 10th among adults 18-49 with a 0.4 share. Miss Chrystine sought to save Lucifer through force of will: " Lucifer is literally the only serial show on TV that I watch".
"We had a strong quarter with growth across every platform", said Nvidia CEO Jensen Huang.
Moving past the consumer GPUs, Nvidia also saw an increase of 71% for NVIDIA's datacenter business revenue which is attributed to the sales of Tesla V100 units, DGX systems, and HPC design.
At this year's GPU Technology Conference (GTC), Huang admitted that there was a shortage in high-end chips likes its Volta series marketed at companies and academics dealing with heavy AI workloads. The company expects to generate $3.10 billion in Q2, with Nvidia pinning some of its growth opportunities on AI.
Gold Little Changed as Rate Worries Remain
The dollar index was 0.1-percent higher at 93.150 after hitting a 4-1/2-month peak at 93.416 on Wednesday. On Wall Street, the Dow Jones Industrial Average rose 196.99 points, or 0.8 percent, to 24,739.53.
Not only that, Nvidia also saw a huge bump in GPU sales and brought in $2.77 billion from GPU sales alone which is 77% up from past year.
According to one person, Facebook is " very serious about it", referring to developing its own cryptocurrency. This week's edition Recode reported that Facebook creates unit to study the technology of the blockchain .
Google has not yet decided how to handle the disclosures to let people know that they are talking to an AI-powered system. He raised the idea of "assistive writing" in the future with Google Docs, the company's word processing software.
Symptoms of Ebola include fever, severe headache, muscle pain, diarrhea, vomiting and unexplained bruising or bleeding. WHO will also work with national authorities in planning further public health measures such as vaccination campaigns.
Moreover, while £1.1m is a huge sum for ordinary mortals, some will question whether it will be that painful for Mr Staley. It's the first case of a serving chief executive of a major bank being fined and publicly censured.
XL Group Ltd received interesting focus from Active Investors and it has been trading on front line as seeing to it recent volume. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
The simulations should highlight potential safety issues as new aircraft are added to urban airspace that is already crowded. Then, they imagined saving commuters hours of travel time by crossing cities in a matter of minutes.
Manchester City broke three Premier League records held by Chelsea as they defeated Brighton 3-1 at the Etihad. Danilo put the hosts ahead 1-0 in the 16th minute, but Leo Ulloa equalized for Brighton four minutes later.
And Guardiola believes he is an ideal fit for the way City play. "But that is not in my hands". "That's why I say it isn't going to happen, but in football you never know". "Not too much.
Who will replace Antonio Conte as manager?
Antonio Conte believes Chelsea have been made to pay for dropping points against lesser teams at home in the league this season. We played an intense game, with great desire to get three points. 'We weren't able to win the game, this is football'.
Gardner drives Yankees to win over Red Sox
He had three hits, three RBIs and a diving catch in right field as NY won its eighth straight overall and 11th in a row at home. Oh, and lastly, rookie Gleyber Torres -.333/.381/.491 with three doubles and two home runs over his first 63 plate appearances.
Neha Dhupia & Angad Bedi tie the knot
You look handsome congrats " and "hain??? kab kaise kahan??? many congratulations and lots of love, Neha.", flooded the post. The wedding ceremony conducted as per the Anand Karaj ritual was solemnised in presence of family and very close friends.
Iran condemns wave of Israeli air strikes in Syria
Iran's Supreme Leader Ali Khamenei has already said that Israel won't exist in 25 years if it continues to destabilize the region. He added: "Whoever hurts us, we will hurt them sevenfold, and whoever is preparing to hurt us, we will act to hit them first".
PC digital game gifting now available in the Microsoft Store
Two within a 14 day period isn't that bad but only allowing you to gift a total of 10 discounted games seems a bit short-sighted. Yup, that's right, PC games have been invited to the gifting party! They'll receive a code and instructions on how to redeem it.
Can Justify win the Triple Crown?
After that? Maybe thoroughbred racing's second Triple Crown victor in four years. "It's not like any horse ", Baffert said. The woman's easiest bet was Justify , who was the favorite at 3-1 odds and won the 144th Kentucky Derby by 2 1/2 lengths.
Johnson headlines crowded leaderboard at Players Championship
He aggravated the injury on the driving range Wednesday when a golf cart drove in front of him, forcing Koepka to check his swing. - Dustin Johnson is beginning to solve the puzzle that is the Stadium Course at TPC Sawgrass during The Players Championship .
Ford F-Series production halted amid parts shortage
But the most significant impact was felt by Ford , whose F-150 full-size pickup is the best-selling vehicle in the United States. A spokeswoman says Friday that production should resume in Dearborn, Michigan, and Kansas City, Missouri.