cryptocurrency and artificial intelligence business
Some Inaccuracies About NVIDIA's Cryptocurrency And Artificial Intelligence Businesses
This article originally appeared in the Motley Fool. NVIDIA (NASDAQ:NVDA) stock has been a huge winner in recent years. Since 2016, shares have returned 640%, versus the S&P 500's nearly 40% return. This exceptional performance has left investors hungry for articles about the fast-growing graphics processing unit (GPU) specialist and artificial intelligence (AI) player, which in turn means that financial writers are coming out of the woodwork to meet this demand. If said woodwork was filled only with folks who were both capable of grasping meaty tech topics and willing to do adequate homework before gracing the digital world with their words and analysis, this en masse emergence wouldn't be an issue.
3 Common Inaccuracies About NVIDIA's Cryptocurrency and Artificial Intelligence Businesses
The accurate information: AI is a huge growth driver for NVIDIA's fast-growing data-center platform, which is the company's largest platform by revenue behind gaming. However, AI is not the only growth driver for this platform. Accurate information is easily obtained: At the beginning of every quarterly earnings call, Kress outlines the growth drivers for each of the company's four target market platforms, and oftentimes Huang expounds on this information in the question-and-answer session that follows management's opening remarks. Along with AI, the data-center growth drivers have typically been high-performance computing (HPC) and virtualized computing. Kress did say on the Q4 earnings call that NVIDIA is "starting to see the convergence of HPC and AI," but these are still largely two different things.