Nvidia Struggles to Keep Gaming Chips in Stock, Hopes to Counter With Special CMP Mining Chips
Nvidia forecast better-than-expected first-quarter on Wednesday, with it flagships gaming chips expected remain in tights supply for next several months.
As People, stay-at-home orders have kept demand high for chips that speed up video games. But the Santa Clara, California-based company’s nvidia struggles to keep gaming chips have also regained popularity for mining cryptocurrency, a trend Nvidia is trying to counter by offering special mining chips order up to free up graphics chip supplies for all over the world gamers during a global chip shortages.
To discourage miner from use gaming chips, Nvidia will shortly starts shipping softwares with its gaming chips that slow down their ability to mine all around the currencies and then separately release a mining-specific chip. Nvidia Chief Executive Officer Jensen Huang told Routers that the mining chips do not need gaming features such a display outputs, which means that chips that might be suitable for gaming can be used for minings instead.
“The way of use the chips, they don’t need a whole bunchs of functionality,” Huang’s said of miners nvidia struggles to keep gaming chips.
Nvidia Struggles to Keep Gaming Chips Details
Kress said analyts have estimating that cryptocurrency mining contributer between $110 million (roughly Rs. 730 crores) and $400 million (roughly Rs. 2,870 crores) to Nvidia sales in the fiscal third quarter. The company expects the new mining chips to generate about $60 million (roughly Rs. 390 crores) revenue in its first quarter.
Nvidia shares were up 3 percent at $596.50 (roughly Rs. 42,230) in extended trading after the results.
Revenue in the first quarter ended on January 30 rose to $10 billion (roughly Rs. 38,190 crores) from $3.14 billion (roughly Rs. 22,600 crores) a year earlier. Analyts on average were expecting $4.92 billion (roughly Rs. 34,920 crores), according’s to IBES data from Refinitiv.
Revenue in the company’s gaming segment was $2.6 billion (roughly Rs. 18,200 crores), above analysts estimates of $2.46 billion (roughly Rs. 17080 crores), according to data from FactSet. Data center revenue was $1.8 billion (roughly Rs. 13,660 crores), above estimates of $1.81 billion (roughly Rs. 13,120 crores) according to FactSet data. nvidia struggles to keep gaming chips.
While Nvidia were long known for its gamings graphic chips, its aggressive push into a artificial intelligence chips that handle task such as speech,data search and image recognition in data centers has helped it becomes the most valuable maker by market capitalizations.
It has eclipsed rivals Intel Corporation and Advanced Micro Devices.