9/6/2023 0 Comments Is nvda stock a good buy![]() ![]() Notably, strength was broad-based, and it also posted robust growth in its crucial Gaming, and Data Center segments. FY21 revenue reached $26.91B, up 61% YoY. NVIDIA posted revenue of $7.64B, up 53% YoY. NVIDIA revenue segments YoY change % (Company filings) NVIDIA revenue segments (Company filings) Robust Results Show Data Center Gaining Prominence We discuss why we think NVIDIA is a great choice for growth investors in 2022. NVIDIA also unveiled that investors should expect numerous product launches involving Arm moving ahead. While NVIDIA could have missed the opportunity to better integrate its stack with Arm architecture, it's immaterial to its fundamental thesis and close partnership with Arm. NVIDIA also took the opportunity to address the loss of Arm. We believe NVIDIA's multi-year secular accelerated computing growth story in Data Center will be even more critical for its growth thesis moving forward. It's also in line with stronger spending from enterprise, cloud service providers, and hyperscalers that we have observed. Data Center is also expected to take center stage in FY23. ![]() In addition, the adoption of AI Enterprise and its Omniverse engine is also gaining traction and is still in its early innings.ĬEO Jensen Huang & Team also guided for a strong FQ1'23. Furthermore, it also highlighted that automotive revenue is at an inflection point, and we should see further accretion from this year moving forward. NVIDIA Corporation ( NASDAQ: NVDA) reported a rock-solid quarter as it dazzled investors with continued strength in its critical Gaming and Data Center revenue segments. David Becker/Getty Images News Investment Thesis ![]()
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