This big deal was announced in September 2020, and has been facing some regulatory headwinds. On the earnings call, investors can expect management to provide an update on the company's pending $40 billion acquisition of leading chip designer Arm, owned by Japan's SoftBank. Kress attributed the data center's year-over-year increase to the Mellanox acquisition along with the ramp up of products based on Ampere. Second, the company is making its new GeForce RTX GPUs less appealing to cryptocurrency miners by lowering their mining performance capabilities. Last quarter, sales of this product generated revenue of $155 million, or nearly half of the OEM and IP category's total revenue. First, it began selling the cryptocurrency mining processor CMP. Nvidia has recently taken two steps to address this issue, which makes it more challenging for gamers to get the company's new GeForce cards. She added that management believes the gaming platform also benefited from some cryptocurrency miners buying its GeForce cards, but "it is hard to determine to what extent." In last quarter's CFO commentary, Colette Kress said gaming business growth was driven by continued strong sales of the GeForce RTX 30 Series, based on the company's Ampere graphics processing unit architecture. If and when the pending Arm acquisition closes, the data center revenue will surge, and the two largest platforms will account for an even larger percentage of total revenue. QOQ = quarter over quarter.Īs usual, investors should focus on the two largest platforms, computer gaming and data center, which together accounted for about 85% of the company's total revenue last quarter.
OEM and IP = original equipment manufacturer and intellectual property this is not a target platform.
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