Don't Sweat NVIDIA's Data Center Doubts
It would be easy to be discouraged. Despite a solid overall third quarter, NVIDIA (NASDAQ: NVDA) shares stumbled a bit following last week's release of its latest earnings report. Investors were particularly alarmed by the company's forecast for slowing data center revenue growth, which was NVIDIA's biggest business a quarter earlier. The stock has continued to sink -- albeit modestly -- in the meantime.
If a data center slowdown is your concern, don't be concerned. Too many investors have lost perspective on the data center matter, overlooking a key detail of NVIDIA's warning in the process.
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Source Fool.com
