Intuitively, it’s largely the ML—this is what they brand on, and revenue figures bear this out. Datacenter hardware (e.g. Tesla/Volta) are about 1/5th of their revenue currently, up 5x this year [1]. Whereas crypto is only a few percent of their revenue, and halved this quarter, despite the stock price going up.
Thanks!
Do you have an impression of whether this is due to crypto mining or ML progress?
Intuitively, it’s largely the ML—this is what they brand on, and revenue figures bear this out. Datacenter hardware (e.g. Tesla/Volta) are about 1/5th of their revenue currently, up 5x this year [1]. Whereas crypto is only a few percent of their revenue, and halved this quarter, despite the stock price going up.
http://s22.q4cdn.com/364334381/files/doc_financials/quarterly_reports/2018/Rev_by_Mkt_Qtrly_Trend_Q318.pdf
Crypto is only about ~3% of revenue: https://www.cnbc.com/2017/11/09/nvidia-crytpocurrency-sales-drop-by-more-than-half-from-prior-quarter.html