NVIDIA’s Profitability Normalizes with the End of the Crypto Boom

NVIDIA’s profit margins expanded in the fourth quarter of 2017 as it witnessed strong demand from crypto miners, creating a GPU (graphics processing unit) supply shortage and increasing GPU prices. In the fourth quarter of 2017, NVIDIA’s non-GAAP (generally accepted accounting principles) gross margin expanded to more than 62%, whereas its operating margin expanded to over 40% for the first time. Advanced Micro Devices (AMD) didn’t report strong profit margins like NVIDIA did.