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

@machinelearnbot

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.


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

#artificialintelligence

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.


This Is the Only Artificial Intelligence Stock You Need

#artificialintelligence

From intelligently curated web search results to self-driving cars and smart speakers, artificial intelligence (AI) is already playing an important role in our lives. But this is just the beginning given the convenience that this technology brings. This is why several companies across different industries are looking to embrace AI as fast as possible, giving investors a ton of options to buy into AI's growth. But one of the best ways for investors to take advantage of this fast-growing tech trend is by investing in NVIDIA (NASDAQ: NVDA), which is enabling AI technology with its graphics cards. NVIDIA is considered to be one of the best AI bets out there, and for good reason.


3 Artificial Intelligence Stocks to Watch This Year

#artificialintelligence

It seems like nearly every technology company is pursuing some form of artificial intelligence these days. But while there are many companies hoping to benefit as this burgeoning market expands, NVIDIA Corporation (NASDAQ:NVDA), Amazon.com


3 Scorching Hot Artificial Intelligence Stocks: Are They Buys?

#artificialintelligence

Most technology companies are betting that artificial intelligence (AI) will lead to big changes for their businesses. For some, it should make their operations more efficient. For others, it may improve how they deliver content to their users, make their devices smarter, or enhance their hardware and software. But beyond those improvements that will be widely enjoyed across the sector, a handful of companies are actually leading the way.