Yet, gaming is still unlikely to see the same strengths as Q1 with the relative relaxing of stay-at-home orders that fueled upticks in video games and screen time. Nvidia's strength in gaming comes just before the launch of new consoles and after the expansion of GeForce Now, laptops using RTX processors and the launch of Minecraft with RTX and DLSS 2.0. The launch of the A100 and related products carries high value going in to the quarterly results - the upcoming results could see data center revenues hop above gaming for the first time, with Mellanox revenues also contributing starting this quarter, after the acquisition finally closed.
with strong adoption across leading hyperscalers," which is expected to continue in to the quarter. Nvidia has "an entire ecosystem full of libraries and models designed specifically for CUDA architecture," and combining that with the progress that the company is making within deep learning (like DLSS 2.0) should keep growth rates in check, while fending off Intel's competition.Ī100 also has the "biggest generational performance leap ever. Nvidia's data center growth should remain relatively unchallenged in AI terms, regardless of the steps that Intel ( INTC) is making with Tiger Lake and Xe LP. Much of that strength is likely to be continued through Q2 and into the end of the year, with new console releases later in the year and a new chip release slated for a few weeks' time further adding to growth. Gaming revenues grew 27% YoY (but were down 12% on a QoQ basis) to $1.34 billion, while the company also announced over 100 new models of laptops incorporating GeForce and RTX GPUs. Nvidia has seen promising growth YoY in both GPU/data centers and gaming, yet data center revenue growth has been much higher.įrom the Q1 results, Nvidia saw 80% YoY growth in data center revenue to $1.14 billion and the introduction of the A100 GPU as well as other product launches. The company has come a long way since the woes of 20, and is on track to continue showing growth in earnings - EPS for the quarter is expected to come in near $2 per share, around the levels of Q1 2019's numbers. Quarterly earnings are right around the corner, posted Wednesday after-hours, and the report could make or break Nvidia's high flight. Shares have nearly doubled YTD and are up almost $300 since March. Nvidia ( NASDAQ: NVDA) has been one of the brightest performers in the semiconductor to date, and one of the hottest momentum stocks as well.
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