Crypto miners use graphics processing units, or GPUs, to mine currencies such as Bitcoin and Ethereum. The pandemic coupled with the ongoing chip shortage has boosted demand - and prices - for the chips and the cards themselves.Īt the same time, surging prices for Bitcoin, Ether and other cryptocurrencies also have fueled demand. Revenue estimates edged upward after Nvidia Chief Financial Officer Colette Kress said in April that “broad-based” strength meant the company was on track to report revenue above its prior forecast of $5.3 billion.Īnalysts and investors have been touting Nvidia’s performance amid strong demand for its gaming graphics cards. It will release results for the first quarter after the closing bell.Ĭheck out Eric Jhonsa’s live blog of Nvidia’s earnings on Wednesday after the close. Nvidia is expected to post adjusted earnings of $3.29 a share on revenue of $5.41 billion. Nvidia ( NVDA) is expected to report strong sales and earnings when it releases its quarterly earnings report on Wednesday amid surging demand for its gaming graphics cards used to mine Ethereum, the world’s second-biggest cryptocurrency.

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