With the emergence of Gaming-as-a-Service and massively multiplayer online games concepts, the demand for GPUs has been surging exponentially. The company’s revenues from the Data Center end-market increased 55% year over year to $2.94 billion in the third quarter of fiscal 2022.īetter visualization and speed are needed for a thrilling gaming experience, which NVIDIA successfully provides through its portfolio of Pascal architecture-based GPUs. To cater to this huge demand, data center operators are expanding their operations across the world, which is driving the demand for GPUs. As more businesses are shifting to the cloud, the need for data centers is increasing immensely. Solid uptake of artificial intelligence (“AI”)-based smart cockpit infotainment solutions is a boon.ĭata center presents a solid growth opportunity for the company. A surge in the Hyperscale demand remains a tailwind for the company’s Data Center business. Strong growth in GeForce desktop and notebook Graphic Processing Units (“GPU”) has been boosting its gaming revenues. NVIDIA has been benefiting from the coronavirus-induced work-from-home and learn-at-home wave. The company performed brilliantly last year and has the potential to sustain the momentum in 2022 as well. Therefore, if you haven’t taken advantage of the share-price appreciation yet, it’s time you add the stock to your portfolio. The stock’s price rally reflects the company’s robust fundamentals. Shares of NVIDIA soared 125.3% last year compared with the Semiconductor - General industry and the S&P 500 index’s rally of 63.2% and 27.7%, respectively. In recent years, the firm has broadened its focus from traditional PC graphics applications such as gaming to more complex and favorable opportunities, including artificial intelligence and autonomous driving, which leverage the high-performance capabilities of the firm's products.Ĭlick Here to get the full Stock Report for NVIDIA Corporation stock.NVIDIA Corporation ( NVDA Quick Quote NVDA - Free Report) stock has outperformed the Zacks Semiconductor - General industry and the S&P 500 in 2021. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers, and automotive infotainment systems. Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms.
To see InvestorsObserver's Sentiment Score for NVIDIA Corporation click here. So far 6,886,881 shares have traded compared to average volume of 54,506,962 shares. The stock has traded between $133.86 and $137.60 so far today. NVIDIA Corporation (NVDA) stock is trading at $134.03 as of 10:07 AM on Tuesday, Sep 6, a drop of -$2.45, or -1.79% from the previous closing price of $136.47.
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