Nvidia has released a new investor note announcing the company’s interim success for the first fiscal quarter of 2021. It will end on May 2 with projected earnings of $ 5.3 billion. The tech giant is already happy to tell investors that it will make more money for sure.
Perhaps part of this success is due to the sale of video cards to miners. The company has already reported that GPU sales for mining were three times higher than forecasts: Nvidia planned to earn $ 50 million from them, but has already received $ 150 million.
The note also says that the shortage of video cards will remain throughout this year. The company is optimistic that deliveries will increase in May, but notes that overall demand for the segment will still exceed supply by the end of the year.