The 27-year-old Nvidia turned a significant corner on Wednesday, having its quarterly data-center sales surpass its videogame chip business for the first time since the company’s inception. Long known for its graphics cards and chips suited for playing videogames, Nvidia has slowly made inroads into selling data-center semiconductors, in large part because the graphics processing units that are good for games are also capable of tackling complex artificial intelligence and machine-learning tasks too. Despite revenue damage to two of its segments because of the Covid-19 pandemic, the company’s fiscal-second quarter handily beat the consensus estimates. Read More...
The 27-year-old Nvidia turned a significant corner on Wednesday, having its quarterly data-center sales surpass its videogame chip business for the first time since the company’s inception. Long known for its graphics cards and chips suited for playing videogames, Nvidia has slowly made inroads into selling data-center semiconductors, in large part because the graphics processing units that are good for games are also capable of tackling complex artificial intelligence and machine-learning tasks too. Despite revenue damage to two of its segments because of the Covid-19 pandemic, the company’s fiscal-second quarter handily beat the consensus estimates.
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