Nvidia earnings beat expectations, its data center business is bigger than its gaming business for the first time ever

The company's gaming business produced $1.65 billion in revenue, up 26% year over year and above the $1.41 billion consensus estimate among analysts surveyed by FactSet. Nvidia ended up with more data center revenue than gaming revenue for the first time, at $1.75 billion. The unit's revenue was up 167% and higher than the FactSet consensus estimate of $1.71 billion.

This follows the milestone of $1 billion in revenue in the fiscal first quarter for the data center business, which includes sales of graphics processing units that power artificial intelligence workloads for business use.

its $7 billion acquisition of Mellanox in the quarter. Mellanox contributed 14% of Nvidia's overall revenue in the fiscal second quarter.it had begun "full production" of the first graphics card based on its Ampere architecture, the A100 for data center use. Ampere gaming cards will come later. Two smaller parts of Nvidia, professional visualization and automotive, declined during the quarter as the coronavirus pandemic impacted business.

Nvidia called for $4.40 billion in revenue in the fiscal third quarter, which would work out to 46% growth at the middle of the range. Analysts polled by Refinitiv had expected $3.97 billion in revenue for the quarter.Executives will discuss the results with analysts on a conference call starting at 5 p.m. Eastern time.

kiyo_osato 俺、ゲームしないからな～。。。。 それに先がある事業なのかな～？

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Options traders bet Nvidia can keep the chips ripping when it reports earningsNvidia reports earnings after the bell on Wednesday. The stock is already up more than 100% this year, and options traders are betting on more gains.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

How This Woman Turned Her Chronic Illness Into A Heart-Led, Multi-Six Figure BusinessMeet Kristin Thomas, founder of the Health & Wellness Business School, which teaches health and wellness practitioners how to build sustainable, profitable, and heart-centered businesses.
출처: ForbesWomen - 🏆 477. / 51 더 많은 것을 읽으십시오 »

How Sanaia Applesauce founder built 6-figure business with full-time job - Business InsiderHow an entrepreneur who once received an offer from 'Shark Tank' investor Mark Cuban built a 6-figure company while managing a full-time job as the chief people officer of Tory Burch (by Britt_S_O)
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Options traders bet Nvidia can keep the chips ripping when it reports earningsNvidia reports earnings after the bell on Wednesday. The stock is already up more than 100% this year, and options traders are betting on more gains.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Maersk Q2 earnings: World's biggest shipping firm's profits rise 25% - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »