NVIDIA's AI-Driven Data Center Business Could Grow by 18 Times in 5 Years

NVIDIA (NASDAQ: NVDA) recently reported powerful fiscal first-quarter 2018 results. The graphics processing unit (GPU) specialist's revenue jumped 66%, GAAP earnings per share soared 151%, and adjusted EPS surged 141%. There was a wealth of information about the company's results and future prospects shared on the earnings call. Our focus here is on NVIDIA's data center, which is growing like gangbusters -- its revenue grew 71% year over year to $701 million in the quarter, accounting for 22% of the company's total revenue. We see the data center opportunity as very large, fueled by growing demand for accelerated computing and applications ranging from AI [artificial intelligence] to high-performance computing across multiple market segments and vertical industries.