Nvidia posts record-breaking year in terms of revenue for the fiscal year ended 28 January
The revenue generated from its gaming segment hit a record of $5.5 billion - but owes an unspecified contribution to cryptocurrency demand.
The company saw its sales in the last fiscal year jump 41% while operating income hit a record of $3.2 billion, and the operating margin of 33% beats the 28% from the previous year. Apart from cryptocurrency demand, Nvidia has also seen data center sales (AI establishments) more than double in the last year.
Nvidia has been trying to distance itself from being labelled as "cryptocurrency-dependent" and instead wants to focus more on its core consumer segment - gamers. But when the cryptocurrency market surged like it has done over the past year, it's something that is hard to ignore.
Although the cryptocurrency market is starting to calm down a little compared to the highs in December last year, it hasn't really stopped crypto-miners from continuing down this road as of yet. The question now for Nvidia is whether or not they can improve on the fact that they can literally sell any chips they are able to make - to gamers, data centers, cryptocurrency enthusiasts.
And that's a "good" problem to have.
