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Nvidia slips on concern about growth of data center business


(Feb 25): Nvidia Corp. shares slipped on concern about growth of the company’s data center chip business.
During an earnings conference call, Chief Financial Officer Colette Kress said the majority of growth in the current period will come from Nvidia’s gaming business. Some analysts worried that means the data center division will expand more slowly and they asked several questions on the topic during the call.
Nvidia reported data center chip sales jumped 97% to US$1.9 billion in the fiscal fourth quarter from a year earlier. It also gave a revenue forecast that beat Wall Street expectations. However, the CFO’s comments on the conference call curbed enthusiasm for a stock that has more than doubled in the past year. ....

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Nvidia Gives Bullish Forecast on Gaming, Data Center Demand


Feb 25 2021, 10:13 PM
February 25 2021, 3:03 AM
February 25 2021, 10:13 PM
(Bloomberg) Nvidia Corp. shares slipped on concern about growth of the company’s data center chip business.
(Bloomberg) Nvidia Corp. shares slipped on concern about growth of the company’s data center chip business.
During an earnings conference call, Chief Financial Officer Colette Kress said the majority of growth in the current period will come from Nvidia’s gaming business. Some analysts worried that means the data center division will expand more slowly and they asked several questions on the topic during the call.
Nvidia reported data center chip sales jumped 97% to $1.9 billion in the fiscal fourth quarter from a year earlier. It also gave a revenue forecast that beat Wall Street expectations. However, the CFO’s comments on the conference call curbed enthusiasm for a stock that has more than doubled in the past year. ....

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