NVIDIA Crossed All-Time Highs Today On Strong Data Center Results

NVIDIA Crossed All-Time Highs Today On Strong Data Center Results

Revenues for the fourth quarter jumped 41 percent from the year before to USD 2.21 billion while the net profit leaped 68 percent to USD 950 million or USD 1.53 per share. Analysts at Northland Securities on Tuesday predicted a 10% to 20% quarter-on-quarter downturn in semiconductor demand, followed by a slow recovery through the rest of the year.

After slowing investment in their infrastructure previous year, owners of the giant data centers that power Internet services are spending again, including increasing their deployments of graphics chips used to boost artificial intelligence (AI) calculations. For the quarter the chipmaker reported adjusted diluted earnings per share (EPS) of $1.89 and $3.11 billion in revenues.

Nvidia's success in the quarter was a result of some massive gains in its data center business, which reported record sales of $968 million for the quarter, up 43% from a year ago and well above the analysts' consensus of $825.8 million.

"It's not just about hyperscalers any more, it's about start-ups and industry", Huang said in an interview.

"NVIDIA AI is enabling breakthroughs in language understanding, conversational AI and recommendation engines? the core algorithms that power the internet today". Sign up today to get electronics news and updates delivered to your inbox and read on the go.


Nvidia technology supports 5G, genomics, robotics and autonomous vehicles as well as data center uses and 200 million gamers. "The supercomputer partnership with Azure is another feather in its cap this quarter".

However, the established GPU maker saw full-year revenue of $10.92 billion, down 7%. Nvidia generated around 24% of sales last fiscal year in China, according to regulatory filings. Nintendo said it had sold 10.81 million Switch devices in the final three months of past year.

Discussions with Chinese regulators about the transaction are progressing and share buybacks would resume after the completion of the deal, Nvidia said.

The company also has made a splash with a so-called ray-tracing technology that facilitates more realistic depictions of light and shadow in videogames. Although Nvidia lowered its guidance for the next quarter because of the cornonavirus wreaking havoc in China and elsewhere, its first-quarter revenue forecast of $3 billion still topped Wall Street's $2.85 billion estimate. "Key drivers were PC gaming driven by RTX and SUPER lines, datacenter driven by cloud giants with machine learning and even growth in professional visualization". Automotive-related sales were flat. "It was a great end to the fiscal year".

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