NVIDIA has just posted their Q4 2017 earnings report, where company shares rose 10% in after-hours trading.
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".
More Crypto News/Content:
Russian scientists busted mining crypto in NUCLEAR facility
6 x GPU packs now on sale for miners, GTX 1060s or GTX 1080s
NVIDIA says cryptocurrency demand 'exceeded expectations'
NVIDIA: 'we are 10x bigger than our GPU competitor'
GPU prices slightly better, GTX 1080 Ti is now 'only' $1100
Ledger owner? Your cryptocurrency can be easily STOLEN
$4 trillion wiped off stock market, tech stocks are HURTING
US credit card companies block cryptocurrency purchases
Samsung announces it's making cryptocurrency mining chips
NVIDIA Tesla V100: $8000 card is the BEST to mine Ethereum
Ripple (XRP) sets a new all-time record price of $3.17
Ethereum closes in on $1000, momentum isn't stopping
Ethereum reaches new record all-time high price of $870
Ripple (XRP) value blows up, bypasses Ethereum's market cap
Crypto expert kidnapped, had to pay $1 million BTC ransom
UnikoinGold is now available on Bittrex
Bitcoin could be worth $0, according to Morgan Stanley
Facebook Messenger malware mines Monero on users' PCs
Using 'blockchain' in new name, company shares rise 500%
MiningSky 8-GPU Mining Rig V1 Review
French dominatrix pimps clients out in 'Crypto Slave Farm'
North Korea hijacking cryptocurrency industry workers