NVIDIA's Cryptocurrency Business: 3 Things Investors Should Know

NVIDIA's Cryptocurrency Business: 3 Things Investors Should Know

NVIDIA (NASDAQ: NVDA) turned in strong third-quarter 2018 results on Nov. 9. The graphics-chip specialist's revenue jumped 32%, GAAP earnings per share soared 60%, and adjusted EPS surged 41%. Top and bottom lines both soundly beat Wall Street's expectations.  

One of the best gems during the analyst conference call was the discussion of cryptocurrency, which is digital currency that uses cryptography for security, and operates independently of a centralized bank; bitcoin and Ethereum are the two largest cryptocurrencies. NVIDIA's graphics cards are used to "mine," or generate, digital currencies.

Here are the three key things you should know about NVIDIA's crypto business and its growth potential.

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Source: Fool.com