Kress said that the transaction was on track to close in 2022. Nvidia announced last year that it planned to buy ARM, a core processor technology company, for $40 billion. In the current quarter, Nvidia is expecting CMP sales around $400 million, Kress said. Nvidia said that the CMP processors it sells specifically for cryptocurrency miners had revenue of $155 million. Nvidia said Wednesday that it believed cryptocurrency miners were partially responsible for its increased revenue, but 'it is hard to determine to what extent.'

So it protects supply for the gamers,' Nvidia CEO Jensen Huang said on a call with analysts. 'CMP yields better, and producing those doesn't take away from the supply of GeForce. Nvidia said on Wednesday that it expected graphics cards to remain in short supply through the second half of the year, but that its new line of dedicated cryptocurrency chips, called CMP, could help ameliorate the problem. Its consumer graphics cards are consistently sold out around the world, and Nvidia has added new software to make them less attractive to cryptocurrency miners in an effort to reserve supply for other buyers. Nvidia has also had supply issues for months. Nvidia said that sales were boosted partially by Mellanox, a data center company it bought last year, as well as increased demand for graphics processors in servers.

The compute and networking segment, which includes chips for data centers, was up 88% to $2.21 billion. Sales of its consumer GeForce graphics processors drove the increased revenue in its gaming division, in addition to chips it sells to game console makers.

Nvidia CFO Colette Kress said that gamers and students are behind the increased demand for GPUs and that it expected that the current upgrade cycle would continue to be strong through the rest of the year.

Nvda earnings dates 2022