Crypto mining made Nvidia sales skyrocket.


Nvidia is expected to post earnings of $3.29 a share on revenue of $5.41 billion when the company releases its results for the first quarter when the Wednesday trading session ends. The reason behind this rise in profit is the surging demand for Nvidia gaming graphics cards used to mine Ethereum.

The pandemic and the ongoing chip shortage along with the rising demand from Crypto miners boosted demand - and prices for the Nvidia graphics cards.

Nvidia’s latest RTX 30 series is the most popular among Crypto miners.

NVIDIA Corporation (NVDA) is currently trading at 626.53+0.62 (+0.10%)

 


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