GPUs

This week NVIDIA announced their earnings for the first quarter of their 2020 fiscal year, and although the crash in crypto-currency has been a boom for gamers wanting to buy GPUs, it has not been as welcome to the company’s Form 10-Q. Revenue for Q1 2020 fell 31% to $2.22 billion, with gross margin falling 6.1% from 64.5% to 58.4%. Operating expenses at the company were up 21% despite the downturn in revenue, with NVIDIA spending $132 million more this quarter on R&D than the same period a year ago. Operating income was down 72% to $358 million, although thanks to $44 million in interest income and $5 million in income tax benefit, net income came in at $394 million. Even though net was...

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