Looking ahead, Nvidia guided for fourth-quarter revenue of between $2.646 billion and $2.754 billion. Nvidia also reported a $57 million charge related to decreasing demand for older cryptocurrency mining products. Nvidia said the decline was due to a drop-off in cryptocurrency mining demand. Revenue from original equipment manufacturers was $148 million, ahead of consensus estimates of $102 million but down 23 percent from a year ago. "Our near-term results reflect excess channel inventory post the cryptocurrency boom, which will be corrected," CEO Jensen Huang says in a statement. Nvidia also raised its quarterly dividend by 7 percent to 16 cents. Nvidia's data center, professional visualization and automotive segments all recorded record revenue on the quarter. Professional visualization revenue was $305 million, above the $284 million consensus forecast. Data center revenue was $792 million compared to analyst expectations of $821 million. By segment, Nvidia reported gaming revenue of $1.76 billion, below analyst expectations of $1.89 billion.
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