According to a report by Markets Insider, Nvidia generated $1.95 billion in revenue from its crypto business.

Although the official financial statement of the company disclosed a $602 million crypto-related revenue, RBC analyst Mitch Steves said that the actual number is at least three times higher.

“We think NVDA generated $1.95 billion in total revenue related to crypto/blockchain. This compares to company’s statement that it generated around $602 million over the same time period,” Steves said.

Did Crypto Cause Nvidia to Underperform?

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