NVIDIA Blames Crypto Crash For Sagging GPU Sales But The Data Center Is Booming


Source: hothardware.com hothardware.com

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NVIDIA disclosed its financial results for its third quarter of fiscal 2023, and revealed within its earnings report is a 17 percent year-over-year decline in revenue to $5.93 billion. That's also a 12 percent drop sequentially. Much of that can be attributed to "lower GPU sales for both desktops and laptops," which the company pinned on Ethereum's recent shift to a proof-of-stake model. Meanwhile, NVIDIA's data center division continues to rake in money hand over fist (more on that in a moment). In regards to GPU sales and overall gaming revenue, NVIDIA reported a 51 percent decline from $3.2 billion...