Management said data center strength was driven largely by enterprise demand for artificial intelligence applications.Īuto sales were also down 11% sequentially to $135 million. Data center growth increased from 35% in the second quarter. Gaming segment revenue growth slowed from 85% last quarter. Revenue was up 50% from a year ago.ĭata center revenue was $2.9 billion, up 55% year-over-year. Both numbers topped consensus analyst estimates of $1.11 and $6.82 billion, respectively. On Wednesday, Nvidia reported third-quarter adjusted earnings per share of $1.17 on revenue of $7.1 billion. NVDA stock isn’t as much of a no-brainer buy as it may seem at first glance. For young people investing for retirement today, I think NVDA stock is a great long-term holding.īut investors should understand just how expensive the stock is at current levels. Nvidia is exposed to some of the biggest growth trends in technology.
On Wednesday, Nvidia reported another batch of big numbers.
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