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NVIDIA: AI & cloud soaring, Turing launched – crypto-mining dead?

August 20, 2018 / Chris Middleton

NVIDIA makes hardware products that are core to a number of booms: artificial intelligence and machine learning; driverless cars and autonomous vehicles; cloud data centres; virtual and augmented reality; gaming; and cryptocurrency mining. Its high-end graphics processing units (GPUs) provide the massive number-crunching ability that powers these and other technologies, and it has long specialised in providing dedicated solutions in a business that grew out of helping PCs to display graphics better and faster. The company has just announced what it called “the biggest leap in GPU architecture in over a decade” – the Turing ray-tracing GPU (see below) – and reported better than expected Q2 financials. And yet its stock fell amid reports that it had called an end to the cryptocurrency boom.