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Nvidia shares fall in sales of data centers, but chips riding the crypto-currency Boom

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Nvidia shares dropped 6.6 percent to $ 153.87 in other trading on Thursday. Shares have increased by 181 percent last year, the highest growth in comparison to the S & P 500 reference value.

Nvidia has come into the gaming industry for making graphics chips, but over the last few years has expanded its artificial intelligence and self-drive cars into newer technologies, such as computing in the cloud.

“Nvidia has come to perfection in revenue,” said Betsy Van Hees the Loop Capital analyst, adding that the company had room for anything other than perfection.

Sales of Nvidia’s Data Center Businesses – Amazon Inc Amazon Web Services and Microsoft Corp. Azure Cloud’s business ranks among its customers – more than doubled to $ 416 million, but missed $ 423.3 million in estimates, according to Fact Set.

Automobiles Business Revenues rose 19.3 percent to $ 142 million, and beyond analysts’ expectations of $ 146 million, according to Fact Set financial data and analysis.

Data center work is still relatively small and triggers several customers who can change the settings from quarter to quarter tremendously said Bernstein analyst Stacy Rasgon.
This can be a great opportunity for long runs, but it is unpredictable in the short term, “added Rasgon.”The problem is that it’s a drunken business.”

Nvidia’s total sales rose 56 percent to $ 2.23 billion and a valued estimate of $ 1.96 billion

However, products and receipts are easy to analyze goals, partly due to the strength in traditional chip games, which are also used to process crypto transactions, said chief executive Jensen Huang on a post-earning call on Thursday,
Bitcoin made ccryptocurrency in recent years popular, but newer technologies including Ethereum triggered wave mining with high-end gaming graphics cards. Miners used computers to process crypto world of transactions, and they were rewarded with an additional crypto currency.

“Crypto currency and the block chain is here to stay, the market needs to grow, and over time it will be very big,” he said hanging.

Net profit was in the second quarter, which ended July 30, more than doubled to $ 583 million or 92 cents per share.