Data centers are booming, but graphics cards are faltering
Strong growth in technology for data centers is helping the chip group Nvidia to offset declines in its traditional graphics card business. In the past quarter, sales therefore fell less than analysts expected, and the share temporarily rose by three percent after the figures were announced. Nevertheless, there were significant declines.
Revenue fell 17 percent year-on-year to $5.93 billion in the third fiscal quarter ended October. Profits fell by 72 percent to 680 million dollars (654.3 million euros). Data centers are booming, graphics cards are weakening The development of Nvidia’s two mainstays was contrary. Data center business grew 31 percent to $3.83 billion. Although sales were slowed down by the US stop on the export of some chips to China, Nvidia intercepted this with the delivery of other models. Graphics cards, on the other hand, saw sales decline by 51 percent to $ 1.57 billion. On the one hand, the decisive factor was the weak PC sales. On the other hand, a change in the cryptocurrency Ethereum played a role. Graphics cards then became less useful for their production.
Reference-www.krone.at
