Nvidia's professional visualization segment, mostly graphics cards for high-end professional workstations, were up 156% annually to $519 million. Nvidia CFO Colette Kress said that it expects a "minimal contribution" from its CMP sales going forward. Nvidia says its cryptocurrency cards are an effort to ensure there is enough chip supply for gamers and it applied software to its GPUs to prevent them from mining cryptocurrencies. Nvidia forecast in May that the dedicated chips it makes for mining cryptocurrency, called CMP, would have sales of around $400 million in the August quarter. Investors are closely watching how correlated Nvidia's business is to cryptocurrency prices.Ĭryptocurrency revenue fell short of expectations, reporting $266 million in cryptocurrency card sales, more than 33% lower than expectations. Nvidia's data center business also hit an all-time high, growing 35% annually to $2.37 billion, which the company attributed to graphics cards for data centers, both in industrial uses and among cloud providers.
Nvidia said the increase in gaming sales was due to both GeForce graphics card sales as well as the chips it sells to game console makers, such as the processor at the heart of the Nintendo Switch. The company said Wednesday that it was seeing longer lead times throughout its supply chain. Nvidia has had supply issues since late last year as its latest line of graphics cards has remained mostly sold out in stores, and the company said in May that it expected supply issues through the second half of the year. Broken down by market instead of reportable segment, one highlight was gaming, which was up 85% to $3.06 billion.
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