Nvidia reports record sales and profit, with gaming income increasing by 85%.

Nvidia reported record quarterly sales of $6.5 billion in the second quarter of fiscal year 2022, the company's most recent quarter to report. That is a 15% increase over the previous quarter and a 68 percent increase over the same period the previous year. As is the first time the American corporation has made this much money in a single quarter. Profits of around USD 2.37 billion were earned on total sales of USD 2.37 billion.

In part, this is due to a record turnover in the gaming area, which has contributed to the positive results. When compared to the same quarter last year, more than USD 3 billion was earned in that region, representing an increase of more than 85 percent. This is most likely due to the fact that the costs and availability of RTX cards are steadily normalizing. The data center and professional visualization departments have also never been able to achieve such a high turnover.

The category 'OEM and others' has had the greatest growth in sales as compared to the previous year. This contains goods for other manufacturers, as well as products from CPM Corporation. This is the common denominator that Nvidia uses to group together items that are linked to crypto mining. Mining cards and other similar products accounted for more than half of the $409 million in sales in the OEM and other categories. Nvidia expects to generate nearly twice as much from cryptocurrency products as it does from traditional products. Despite the positive results, and perhaps as a result of the disappointing CPM income, Nvidia's share price has decreased by a few percentage points since the release of the quarterly results last week.