Nvidia announces US$2.2 billion earnings for Q2 2018 fiscal year, due in part to cryptocurrency mining

[Redaktion]

Nvidia's earnings for Q2 2018 seem to have been boosted in part by the cryptominers who hog GPUs to increase the profitability of the Ethereum miners. Revenues for Nvidia are up 56% from Q2 2017, cumulating US$.2.23.

https://www.notebookcheck.net/Nvidia-announces-US-2-2-billion-earnings-for-Q2-2018-fiscal-year-due-in-part-to-cryptocurrency-mining.240974.0.html

[Marco787]

To the author

Please correct the major error found in the title and elsewhere

$2.2 billion does NOT refer to earnings, but to revenues. Those are totally different concepts.

Revenues are the value of what is sold, earnings equal revenues minus costs. Earnings are equal to profits.

If you have revenues of $2 billion, but costs of $2.5 billion, you are not earning cash, you are losing cash.

This is a major error that needs to be corrected.

Thanks