![]() ![]() NVDA stock has more than doubled since early June. Nvidia plans to launch new products at its annual GTC conference in March. > UAA Stock Sinks as Q4 Sales Fall Short of ExpectationsĪt the time, Huang indicated that the company expected strong data center growth as a result of the increased conversation AI, as well as inference. CEO Jensen Huang explained that the Q3 results indicated that the company has extended its reach past the cloud, to the edge where IoT, AI, and GPU-accelerated 5G will transform the world’s largest sectors. The data center unit made up around 24% of the company’s revenue in the last quarter. ![]() He expects data center sales growth to be strong relative to last year’s disappointment. Wong has a hold rating for NVDA stock and a price target of $147. And although analysts expect it to grow by an average of 17 annually over the next 5 years, I think Nvidia has the chance to seriously outperform current estimates. Nvidia to Report Strong Data Center Sales in Q4Īccording to Instinet analyst David Wong, the reports from Nvidia’s two competitors indicates that the bar has been raised for Nvidia. However, Nvidia has grown earnings by an average of 32 over the past 5 years. NVDA stock is trading higher by 1.13% at $270.91. (NASDAQ:AMD) reported strong data center sales despite being lumped with poor console sales. However, recently, rival chip company Intel Corp (NASDAQ:INTC) reported an unexpected increase in data center sales. This comes following last year’s decline in infrastructure sales, which cast doubt regarding the cloud boom. Investors have been keen on data-center sales, and it is a segment that has been watched widely this earnings season in the chip industry. In the third quarter, the gaming segment accounted for around 55% of the company’s sales, and the data center chips segment will continue driving growth. Nvidia is a GPU company, and it has continued to play a major role in the ever-growing gaming sector, which is estimated to grow from $151 billion in 2019 to around $196 billion by 2022. The company expects its revenue to increase for the first time in over a year. Nvidia to Grow Chips Sales in the Gaming Segment NVDA stock continues to gain momentum as Nvidia Corp (NASDAQ:NVDA) expects to return to growth after almost a year of quarterly decline in revenue just before the launch of its next round of products when it releases its earnings on Thursday. ![]()
0 Comments
Leave a Reply. |