NVIDIA CEO: This May Be One of the Best Gaming Seasons Ever
NVIDIA (NASDAQ: NVDA) continued to experience strong momentum in the gaming segment last quarter. The RTX upgrade cycle is in full swing, but most of NVIDIA's users of its GeForce family of graphics processing units (GPUs) haven't upgraded yet. Despite competition from rival Advanced Micro Devices (NASDAQ: AMD), NVIDIA expects a strong second half of the year for its gaming business.
NVIDIA's gaming segment comprised 43% of its total revenue in the fiscal second quarter. While NVIDIA is experiencing explosive growth in its data center business, which became its largest source of revenue for the first time, growth in gaming was robust, up 26% year over year.
"Gaming's growth amid the pandemic highlights the emergence of a leading form of entertainment worldwide," CFO Colette Kress said during the company's conference call.
Source Fool.com
