The company’s P/E ratio in the trailing 12. Traders who pay close attention to intraday price movement should know that it fluctuated between 128.79 and 132.20. With the emergence of Gaming-as-a-Service and massively multiplayer online games concepts, the demand for GPUs has been surging exponentially. The trading price of NVIDIA Corporation (NASDAQ:NVDA) closed higher on Tuesday, October 04, closing at 131.67, 5.23 higher than its previous close. The companys revenues from the Data Center end-market increased 55% year over year to $2.94 billion in the third quarter of fiscal 2022.īetter visualization and speed are needed for a thrilling gaming experience, which NVIDIA successfully provides through its portfolio of Pascal architecture-based GPUs. To cater to this huge demand, data center operators are expanding their operations across the world, which is driving the demand for GPUs. As more businesses are shifting to the cloud, the need for data centers is increasing immensely. Solid uptake of artificial intelligence (AI)-based smart cockpit infotainment solutions is a boon.ĭata center presents a solid growth opportunity for the company.

A surge in the Hyperscale demand remains a tailwind for the companys Data Center business.

Strong growth in GeForce desktop and notebook Graphic Processing Units (GPU) has been boosting its gaming revenues. NVIDIA has been benefiting from the coronavirus-induced work-from-home and learn-at-home wave.

Will nvda stock split in 2022