Nvidia: Momentum, Momentum, Momentum

NVIDIA Corporation (NASDAQ:NVDA) was a PC graphics chip company who has matured into a specialized platform company who targets primarily four markets (Gaming, Professional Visualization, Data Center and Automotive), continuing to provide cutting edge visual computing solutions. The company consists of two reporting operating segments, GPU and Tegra Processor. While GPU remains the core strength of NVDA, the company's significant and consistent investment in research and development has been the key driver of sales that have grown from just over 4B in FY14 to an estimated 7B in FY17. NVDA remains the market leader in gaming with key growth contributions coming from professional visualization, deep learning and automotive. In gaming, only one third of the active GeForce users have upgraded to Maxwell with Pascal starting to ship in FQ2, meaning there is substantial scope for future uptake during an upgrade cycle.