This week, Nvidia reported earnings and revenues that were down compared to a year ago. But they did signal a return to growth after a couple of week quarters as the company worked off inventory pile-ups related to the collapse of cryptocurrency mining.
People aren’t buying graphics cards to mine for cryptocurrency anymore, but they are beefing up their gaming PCs to play high-end games, and developers are now embracing Nvidia’s Turing architecture in its RTX graphics cards, said Jensen Huang, CEO of Nvidia, in an analyst call this week. But the artificial intelligence chip market had a pause with a slowdown in hyperscale deployments in data centers.

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