NVIDIA CEO: Gaming Business Has 3 Key Growth Drivers (1 Might Surprise You)
NVIDIA (NASDAQ: NVDA) turned in strong third-quarter 2018 results earlier this month. The graphics-chip specialist's revenue jumped 32%, GAAP earnings per share soared 60%, and adjusted earnings per share (EPS) surged 41%.
A wealth of information about the company's performance and future prospects was covered on the earnings call. One of the best gems was CEO Jensen Huang's outlining of gaming's three key growth drivers, which are listed below.
Gaming is ultraimportant because it's NVIDIA's largest business, by far, accounting for 59.1% of total revenue in Q3, with revenue leaping 25% year over year in the quarter. Data center accounted for 19% of revenue, professional visualization for 7.2%, OEM and IP (original equipment manufacturers and intellectual property) for 9.1%, and auto for 5.5%.
Source: Fool.com
NVIDIA Corp. Stock
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