Switch, PC, and crypto all lead to booming growth for Nvidia

Nvidia just reported record quarterly revenue of $3.21 billion for the three-month period that ended April 29. That is up 66 percent year-over-year from $1.94 billion. Increased demand for GPU-based artificial intelligence is one of the key factors driving Nvidia’s growth, but the company also saw huge jumps in spending in its gaming category and from cryptocurrency miners.

“We had a strong quarter with growth across every platform,” Nvidia chief executive officer Jensen Huang said in a statement. “Our datacenter business achieved another record and gaming remained strong.”