A Red-Hot Reason Why NVIDIA's Blockbuster Growth Is Here to Stay
NVIDIA's (NASDAQ: NVDA) gaming business has been on fire in recent quarters, and it looks like the segment's terrific growth is here to stay for the long run. At least that was the indication according to insights from the company's recent Investor Day presentation.
The graphics specialist is coming off an outstanding year, with revenue jumping 53% in fiscal 2021 to $16.7 billion and diluted earnings rising 73% year over year to $10 per share. And NVIDIA's guidance for the ongoing quarter indicates that things are about to get even better for the chipmaker. The company originally expected revenue to spike 72% year over year to $5.3 billion in Q1, but it recently said that actual revenue is tracking above that outlook.
NVIDIA investors may want to get used to such eye-popping jumps, as the company's main growth driver -- gaming -- is at the beginning of a multi-year growth curve. Let's see why.
Source Fool.com
