Nvidia has shared its Q41211 earnings, and despite the company’s GPU being in very low supply, it hasn’t lost much of what the company has made. In fact, it has a record 5 billion in revenue, up 61 percent year-over-year. Most impressive is that Nvidia expects to generate an additional 5 billion in revenue during Q22 2022.
This positive outlook is surprising given that Q1 is generally slower than other quarters, even for the largest tech companies, as it follows the influx of people buying a lot of products during the holiday period. It’s a generally slow period for product release in technology and gaming. Also, let’s not forget that there is still a shortage of GPUs. Nvidia reiterated that sporadic supply would continue into the next quarter, but that is likely in its slavery revenue forecast.
Nvidia says it expects most of the 22 5 billion revenue projected in Q22 2022 to come from the gaming market, despite the segment it is currently going through the most difficult time. Since the introduction of the RTX 30-Series desktop graphics cards, followed by the RTX 3080, 3090, 3070, and other products, Nvidia has not been able to meet demand – although it is not the only company affected. AMDA has also moved to retailers to keep a steady stock of graphics cards, probably more than Nvidia. My colleague Sean Hollister received comments about the shortcomings of both companies. The ongoing epidemic has certainly played a role in this, and possibly the lack of semiconductor chips.
Nvidia recently announced that it is trying to make it easier for gamers, not cryptocurrency miners, to get its RTX 3060 desktop graphics card, which will be released tomorrow at 329 tomorrow. It does so by implementing GPU driver software that halves its ability to cultivate Etherium, in an attempt to discourage crypto miners from buying it. It will also unveil its CMP dedicated mining processor in March, which Nvidia is preparing to serve the mining community with the hope that they will leave more gaming GPUs for gamers to buy. Interestingly, Nvidia said during a call from its investors that cryptocurrency-related sales accounted for only a fraction of its total revenue – only $ 300 million of $ 5 billion, suggesting that Miner would not play a major role in the GPU shortage.
