Technology Despite lack of chips: Nvidia announces record quarter

15:26  25 february  2021
15:26  25 february  2021 Source:   t3n.de

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Thanks to gamer graphics cards and processors for data centers, the manufacturer can exceed expectations. Nvidia plans to launch special products for crypto mining next month.

Die Produkt-Launches von Nvidia haben voll eingeschlagen und bescheren dem Grafikkarten-Marktführer Umsatzrekorde. © Shutterstock The product launches from Nvidia have really hit and bring sales records for the graphics card market leader.

In the midst of a global semiconductor drought, Nvidia is enjoying great business. CEO Jensen Huang raved about 61 percent more sales and 53 percent more profit compared to the previous year. Of the five billion US dollars in sales for the fourth quarter, 1.46 billion in net income remains. For the full year that means a profit increase of 55 percent to $ 4.3 billion. Earnings per share rose 51 percent to $ 2.31.

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Graphics Cards Are Selling Very Well

"Our pioneering work in the field of accelerated computing has made games the most popular entertainment in the world," Huang boasted to journalists . The gaming segment alone achieved half of the quarterly sales and thus performed 67 percent better than in the previous year. Despite delivery bottlenecks, the cards in the RХ $ series are selling very well. All of them were sold out quickly after the introduction. On Thursday, the RTX 3060, which scalpers are already offering at exorbitant prices, is due to hit the market. Nvidia has given it a throttle in case the card detects that it is being used for mining. The group has already announced an special product for Ethereum mining . 97 percent increase in the area of ​​data center

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The division for data centers is responsible for the second largest item: It made 1.9 billion dollars in sales in the last quarter, almost doubling last year's earnings. The new high-end processor A-100 was developed for supercomputers, servers and large workstations. It was launched last year and

is used by Google Cloud for example . Nvidia has specialized him in computing skills in the field of artificial intelligence and the operation of large neural networks and machine learning algorithms.

Added to this is the takeover of Mellanox. The company contributed around ten percent to the annual turnover of the data center division. It is thanks to this that sales rose 124 percent to $ 6.7 billion. From the

acquisition of ARM , which is currently being examined by regulatory authorities, the group expects a further increase in this segment. Outlook: The whole thing again

Despite the ongoing shortage of chips, Nvidia is optimistic about the year. For the first quarter of 2021, the company expects similar sales: 5.3 billion dollars. The gross margin is expected to climb from 64.9 percent to 67 percent. Huang announced, “Although we are increasing supply, channel inventory will likely remain low throughout the first quarter. […] We have to do a really good job with the planning. ”But there is enough supply to grow in every quarter over the year.

NVIDIA benefits from the mining boom: sales forecast for crypto chips tripled .
The CMP chips specially developed for the mining crypto currencies are clearly torrential heel. NVIDIA has significantly raised sales forecast for this hardware area. © Nvidia Krypto Mining Chip from Nvidia. The Mining Boom continued for months ago had recently taken care of the fact that NVIDIA's powerful graphics cards intended for gamers were hardly available. In February, NVIDIA had designed chips designed for the mining crypto feeds - the Cryptocurrency Mining Processors (CMP).

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