: Nvidia making more from crypto mining than AMD, but expects a bigger drop

Nvidia Corp. received a bigger bump from crypto mining than rival Advanced Micro Devices Inc. in the most recent quarter, but Chief Executive Jensen Huang predicts a larger drop-off is on the way.

Nvidia NVDA, -2.15% reported $289 million in sales of cards built by third-party manufacturers specifically for mining cryptocurrencies in its first-quarter results Thursday afternoon, which caused the revenue segment that includes those cards to jump nearly 150% year over year. In an interview with MarketWatch, Huang said that some of its gaming cards—which produced revenue of $1.72 billion, up almost 68%—could be used for mining as well, but are not usually purchased solely for that purpose.

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