Is Nvidia Stock the Easiest Buy of the Decade?
In this video, I will be covering Nvidia's (NASDAQ: NVDA) recent Q3 earnings report as well as expanding on my new favorite part of the business, Omniverse. You can find the video below, but here are some highlights.
The company reported record revenues across the board with overall business revenue of $7.1 billion, up 50% year over year (YOY), the gaming segment up 42% YOY to $3.22 billion, the data center segment up 55% YOY to $2.93 billion, and (my favorite one) the professional visualization segment up 144% YOY to $577 million, an increase of 11% from the previous quarter. This continued growth is due to the surge in demand for Nvidia AI, driven by hyper-scale and cloud scale-out, as well as broadening adoption by more than 25,000 companies. For Q4 the company expects revenue to be $7.40 billion, plus or minus 2%.
As for the pending acquisition of Arm Limited, that is yet to be approved by regulators in the United States, the UK, the EU, and China. The company does remain positive that this acquisition will go through.
Source Fool.com
