From Gaming Guru to AI Game-Changer: How Nvidia Reinvented Itself
This ain't your grandpa's Nvidia (NASDAQ: NVDA) anymore. And the new version is a monster.
Ten years ago, Nvidia was all about gaming. Sure, the Nvidia Tesla high-performance computing card had been available since May 2012 and the third-generation model was just around the corner. But that was just a sideshow in 2013, and management didn't even bother to break out the financial results for data center products in its earnings reports back then. Nvidia had one operating segment, and it was almost exclusively about graphics processing units (GPUs) for desktops and laptops.
Fast-forward to the spring of 2018, and the seeds of a new strategy were starting to bloom. In the first quarter of fiscal year 2019, which Nvidia reported in May 2018, the gaming segment accounted for 54% of total revenues but the data center segment was already the second-largest contributor with a 22% revenue share.
Source Fool.com
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