How Artificial Intelligence Is Securing NVIDIA's Position - GuruFocus.com

NVIDIA's (NASDAQ:NVDA) quarterly revenues have been surging at double-digit rates in the last three quarters and, looking at the guidance for the next quarter, it's clear that the company is expecting the growth rate to continue unabated in the near future. One of the key factors that has added fuel to their engines is NVIDIA's new growth drivers: the data center segment and auto segment. In the most recent quarter, NVIDIA's data center unit reported 151 million in sales, a growth of 109.72% The growth in data center revenues is much higher than other segments, and there are several reasons why this growth can, in fact, continue its breakneck pace for several more quarters. NVIDIA's expertise in the GPU segment has given it a range of must-have products for hyperscale data centers.