2 Reasons Why NVIDIA Is Built for Growth
Surprisingly, investors didn't like NVIDIA's (NASDAQ: NVDA) second-quarter report for the fiscal year 2018. The graphics chip specialist crushed Wall Street estimates and also set robust forward guidance that turned out to be better than expected.
But it looks like investors were expecting something more from a company that has set the stock market on fire, rising more than 160% in the past year. The market took issue with the "weak" growth in NVIDIA's data center and automotive segments, which fell short of analyst expectations.
However, a closer look at NVIDIA's latest financials will make it clear that both the automotive and data center segments are growing at an impressive pace, and they could form the cornerstone of the company's long-term success. Here's why.
Source: Fool.com
NVIDIA Corp. Stock
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