In its recent earnings report, NVIDIA says it generated around $602 million in crypto-related sales. Not so, says Royal Bank of Canada capital market analyst Mitch Steves, who did some math and claims the actual number is closer to $1.95 billion. While the figure isn't something he can definitively prove, AMD's earnings report lends credence to the theory ($234M/25% vs. NVIDIA's hypothetical $1.95B/75%, with total crypto revenue being $2.75B). Some presume NVIDIA is concealing revenue in a desperate attempt to smooth over their stock troubles.
