According to foreign media reports Coindesk, NVIDIA recently announced fourth quarter 2017 results, its chief executive Jen-Hsun Huang said in the last quarter, although the overall proportion of encryption technology is still small, but part of their business.The company on the phone At the meeting, the demand for its products in the cryptocurrency mining market exceeded expectations.
Huang Renxun optimistic about cryptocurrencies and mining chips in an interview with Barron's 'cryptocurrency is real - it will not disappear'.
He further said that this year the world has embraced the existence of cryptography, and the security and low cost of blockchain technology make it very practical. This is a real phenomenon that everyone will accept:
'I have no objection to the notion of virtual currency, which is as real as any other type of virtual commodity or video game ... As you know, tens of millions of virtual items are created, shared, and sold in virtual reality, and people Spend thousands of hours on this valuable time ... virtual goods, virtual world, virtual currency are linked together.
Huang Jen-Hsun clearly knows that there is a lot of interest in NVIDIA's future. Wall Street's obsession with crypto-currency markets: 'Obviously there is a lot of talk about crypto-economy.'
However, apart from the grand blueprint aside, The fact that miner sales are actually not important to NVIDIA, he said: 'For us, that's just the GPU needs.'
GPU still occupy the vast majority of NVIDIA hardware product revenue.
Colette Kress, chief financial officer at NVIDIA, said he also underestimated the impact of cryptocurrencies mining: 'While mining's contribution to our business is difficult to quantify, it may be higher than in previous years.'
However, he said the focus of the business will remain on game demand as cryptocurrency trends are likely to continue to fluctuate.
February 8, NVIDIA announced fourth quarter 2017 earnings, the overall quarterly revenue hit a record high of 2.991 billion U.S. dollars, surpassing Wall Street expectations of 8.6% and quarter net profit of 1.118 billion U.S. dollars, exceeding Wall Street's previous forecast of 48.3 %.
