Business
A red-hot reason why NVIDIA’s blockbuster growth is here to stay
This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.
NVIDIA‘s (NASDAQ: NVDA) gaming business has been on fire in recent quarters, and it looks like the segment’s terrific growth is here to stay for the long run. At least that was the indication according to insights from the company’s recent Investor Day presentation.
The graphics specialist is coming off an outstanding year, with revenue jumping 53% in fiscal 2021 to $16.7 billion and diluted earnings rising 73% year over year to $10 per share. And NVIDIA’s guidance for the ongoing quarter indicates that things are about to get even better for the chipmaker. The company originally expected revenue to spike 72% year over year…
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