Higher share prices lead to higher valuations which mean INVSTRs might be left in the lurch or excluded when looking to participate in the Nvidia growth story. Analysts were expecting significantly lower revenue and non-GAAP earnings per share of $5.41 billion and $3.28, respectively.” - Daniel Sparks.
Earnings per share soared 106% year over year to $3.03, and non-GAAP (adjusted) earnings per share rose 103% year over year to $3.66. This was fuelled by a more than doubling of gaming revenue, which rose to $2.76 billion, and a 79% year-over-year increase in data centre revenue ($2.05 billion). “ Fiscal first-quarter revenue soared 84% year over year to $5.66 billion. The recent gains we have seen in Nvidia Corporation’s share price were attributed to its stellar fiscal 2022 first-quarter earnings release and the mention of its 4-for-1 stock split. The company's partnership with almost all major cloud service providers (CSPs) and server vendors is a key catalyst.Major gains and amplified strategies have been firing on all cylinders throughout 2021 and this week is no different for the INVSTR favourite visual computing company, Nvidia Corp. The company's GPU platforms are playing a major role in developing multi-billion-dollar end-markets like robotics and self-driving vehicles.NVIDIA is a dominant name in the Data Center, professional visualization and gaming markets where Intel and Advanced Micro Devices are playing a catch-up role.
Over the years, the company's focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high performance computing (HPC), gaming and virtual reality (VR) platforms.NVIDIA's GPU success can be attributed to its parallel processing capabilities supported by thousands of computing cores, which are necessary to run deep learning algorithms. NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. NVIDIA Historical Annual Stock Price Data
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