Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
Is your CEO on the list? Glassdoor has the results.Power Playersread more
Stocks in Asia rose in Wednesday afternoon trade following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Sen. Josh Hawley, a well-known tech critic, is introducing legislation that would remove the immunity big technology companies receive for user-posted content under Section...Technologyread more
In its new "Future Skills" report, LinkedIn has identified what it calls the 10 "rising skills" of the future and the jobs associated with them.Get Aheadread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Has your CEO won over enough workers in Germany to make the cut? Glassdoor reveals.Power Playersread more
Zuckerberg fell out of Glassdoor's top 20 CEO ranking for the first time, although his employee approval rate remains high.Technologyread more
Has your CEO qualified to make it into the top 10? Glassdoor has the results.Power Playersread more
Nvidia is telling its investors that cryptocurrencies are no longer just a niche business.
In the company's earnings call on Thursday, Chief Financial Officer Colette Kress said that demand for cryptocurrencies like ethereum helped Nvidia beat its own guidance for the most recent quarter.
Crypto is "a very important market that will likely continue to grow over time," Nvidia CEO Jen-Hsun Huang said on the call.
Nvidia offers a type of graphics processing unit that's optimized for virtual coin mining, Huang said. CNBC reported in June that an Nvidia-based mining GPU had been listed on Asus's website, but Nvidia had not previously announced the card.
"In June we began enabling our AICs to produce a mining-only card using our P106-100 GPU," an Nvidia spokesman told CNBC in an email. "This GPU is configured for crypto mining and cannot be used for gaming. We provided it to several board partners including ASUS, EVGA, Colorful, Galaxy, Gigabyte, Palit, PCP and MSI." Nvidia itself is not offering GPUs for mining, the spokesman wrote.
"It is very clear that new currencies will come to market, and it's very clear that the GPU is just fantastic at cryptography," Huang said. "The only thing we can probably expect is there will be more currencies to come. It will come in a whole lot of different nations, it will emerge from time to time, and the GPU is really quite great for it."
Despite the surging interest in cryptocurrencies in 2017 and the rally in prices of ethereum and bitcoin, Nvidia representatives had not discussed the topic on an earning call in at least the past year. Artificial intelligence and automotive applications have been more popular areas of focus.
Even with rising demand for GPUs, Nvidia shares fell as much as 8 percent following Thursday's report, as data center revenue trailed analysts' estimates.