NVIDIA says cryptocurrency demand 'exceeded expectations'

NVIDIA's continued success sees shares rise 10% after their Q4 2017 earnings report.

3 minutes & 56 seconds read time

NVIDIA has just posted their Q4 2017 earnings report, where company shares rose 10% in after-hours trading.

NVIDIA says cryptocurrency demand 'exceeded expectations' | TweakTown.com

NVIDIA reported EPS of $1.78 on revenue of $2.91 billion, beating out analysts' expectations of $1.17 per share on $2.69 billion of revenue. NVIDIA stock has risen by an incredible 83% in the last 12 months, with just their gaming and data center businesses increasing revenue by a huge 24% year-over-year.

The company wasn't clear on how much money it made from the massive boom of cryptocurrency mining, but NVIDIA's CFO said that the demand for its GPUs for crypto mining had "accounted for a higher percentage of revenue than the previous quarter" and that it had "exceeded expectations".

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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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