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-0.000165501261947089 -0.000951632256195911 -0.00139021060035576 8.27506309763082E-07 -0.00132401009557695 0.00256526956018042 0.00513053912036083 -0.00124125946460335
Stock impact report

NVIDIA's AI-Driven Data Center Business Could Grow by 18 Times in 5 Years [The Motley Fool]

NVIDIA Corporation (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Company Research Source: The Motley Fool
Rapid adoption of artificial intelligence could help propel the GPU leader's data center revenue up to $50 billion by 2023. NVIDIA ( NASDAQ:NVDA ) recently reported powerful fiscal first-quarter 2018 results . The graphics processing unit (GPU) specialist's revenue jumped 66%, GAAP earnings per share soared 151%, and adjusted EPS surged 141%. There was a wealth of information about the company's results and future prospects shared on the earnings call. Our focus here is on NVIDIA's data center, which is growing like gangbusters -- its revenue grew 71% year over year to $701 million in the quarter, accounting for 22% of the company's total revenue.   Here's what you should know from NVIDIA's Q1 call. Image source: Getty Images. Data center's total addressable market estimated at $50 billion by 2023 From CFO Colette Kress' remarks: We see the data center opportunity as very large, fueled by growing demand for accelerated computing and applications rang Show less Read more
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