NVIDIA said revenue growth depends on encrypted currency and shares fell after hours.

category:Internet
 NVIDIA said revenue growth depends on encrypted currency and shares fell after hours.


Although the companys first quarter revenue grew 65.6% year on year, the companys share price fell 3.13% to $252 in the Nasdaqs trading after Thursday. The US chipmakers first quarter revenue grew strong, one party benefited from its biggest business - the strong sales of game graphics chips, and benefited from the diversification of revenue sources by turning to new growth areas such as data centers, artificial intelligence and autopilot. The company also revealed for the first time that the first quarter, its fast - growing but unstable, encrypted money miner chip business revenue of $289 million, accounting for about 9% of its first quarter revenue of $3 billion 200 million. Stacy Lasgaon (StacyRasgon), an analyst at market research firm Bernstein, said the data was higher than the $200 million expected by many analysts, but the data should help investors measure their impact on the companys financial situation. ColetteKress, chief financial officer of the NVIDIA, said the company predicted that revenue related to encrypted currencies would be only about 1/3 of the first quarter in the second quarter. Earlier this year, the retail price of the NVIDIAs game chips has soared, as encrypted currency miners are snapping up chips specially developed by NVIDIA. He told investors at the earnings call conference: although the supply of chips was tight earlier this quarter, the current situation is easing. Therefore, we are pleased to see that our GPU channel prices have begun to normalize, allowing the last quarter to exclude players outside the market because of high prices and get the latest GeForceGTX game cards at a reasonable price. In the first quarter, the revenue of the NVIDIA data center business was $701 million, up 71% from a year earlier, but an average of $703 million below the Tang Sen Reuters survey was expected. NVIDIAs data center business provides support for Amazon AWS, Microsoft Azure and GoogleCloud services such as Alphabet. Kevin Cassidy (KevinCassidy), an analyst at Stifel, said: I think the share price of the company falls mainly because its revenue growth comes mainly from the revenue related to the encrypted currency. He said that in the first quarter of the year, its profits generally coincide with expectations, but this may not be enough to make its share price earnings ratio 40 times. In the first quarter, the revenue of NVIDIAs game chip business was $1 billion 720 million, an increase of 68% over the previous year, exceeding the average expected $1 billion 650 million of analysts. In the first quarter, the revenue of NVIDIAs auto business increased to $145 million, up 4% from the same period last year, which also surpassed the average analyst estimate of $132 million. The companys auto business includes Drive platform for autopilot. In March this year, NVIDIA suspended the automatic driving test worldwide. A week ago, an autopilot of Uber killed a 49 year old woman in the streets of Arizona. In the first quarter of April 29th, the company had a net profit of $1 billion 244 million and $1.98 per share, with a net profit of $1 billion 118 million in the last quarter and $1.78 per share, with a net profit of $507 million in the same period last year and $0.79 per share. The companys total revenue in the first quarter was $3 billion 210 million, an increase of 66% over the same period last year of $1 billion 937 million. In accordance with US GAAP, the earnings per share of NVIDIA were $2.05. According to Thomson Reuters data, analysts had expected an average of $2 billion 910 million in the first earnings of NVIDIA. (Liu Chun) source: NetEase science and technology report editor: Hou Wei Cheng _NT4124 In the first quarter of April 29th, the company had a net profit of $1 billion 244 million and $1.98 per share, with a net profit of $1 billion 118 million in the last quarter and $1.78 per share, with a net profit of $507 million in the same period last year and $0.79 per share. The companys total revenue in the first quarter was $3 billion 210 million, an increase of 66% over the same period last year of $1 billion 937 million. In accordance with US GAAP, the earnings per share of NVIDIA were $2.05. According to Thomson Reuters data, analysts had expected an average of $2 billion 910 million in the first earnings of NVIDIA. (Liu Chun)