The (Un)surprising Sector Where NVIDIA's Crushing Results
Computer technology company NVIDIA (NASDAQ: NVDA) did something last quarter that it had never done before. It collected more data center hardware revenue than gaming-related sales.
Granted, the acquisition of Mellanox that closed in late April helped, but it wasn't a massive boon. CFO Colette Kress noted that Mellanox only made up about 30% of the data center division's top line, which was up a massive 167% year over year and higher by 54% compared to the fiscal first quarter's tally. Its new Ampere GPU architecture appears to be doing most of the heavy lifting; institutions that need heavy-duty computing power know they can get it with that tech.
That's great news for investors, as data centers were always the bigger, better opportunity.
Source Fool.com
