{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/nvidia-forecast-beats-expectations-but-crypto-mining-s-role-remains-unclear/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Nvidia forecast beats expectations but crypto mining's role remains unclear","slug":"nvidia-forecast-beats-expectations-but-crypto-mining-s-role-remains-unclear","createdLocal":"2021-05-27 14:30:57.396260","publishDate":"2021-05-26 20:27:40+00:00","feedName":"Image Recognition","sourceUrl":{"sourceUrl":"https://www.reuters.com/article/us-nvidia-results/nvidia-current-quarter-revenue-forecast-beats-expectations-idUSKCN2D72R6"},"postSummary":{"childMarkdownRemark":{"html":"<p>But on Wednesday investors again seemed put off by a surge in purchases of Nvidia chips for cryptocurrency mining, which tends to occur when the value of the currencies rises.\nIn an interview with Reuters, Chief Executive Jensen Huang said making gaming chips less suitable for miners helps keep them available for gamers.\n“It effectively increases our production and supply” of gaming chips, Huang said.\nThe company’s total revenue was $5.66 billion during the first quarter, beating estimates of $5.41 billion, according to Refinitiv data.\nSales for gaming chips were $2.76 billion, more than double the previous year and above estimates of $2.47 billion, according to Refinitiv data.</p>"}}}},"pageContext":{"slug":"nvidia-forecast-beats-expectations-but-crypto-mining-s-role-remains-unclear"}}}