Decoding NVIDIA’S Recent Quarterly Report
NVIDIA’S recent quarterly report presents a curious picture of the company — a unique combination of record profit and loss. In this earnings call for the last quarter, the company reported a loss of $1.83 billion in gaming, which has long been its primary focus market. However, even as their gaming section saw a downturn, the company’s revenue rose to a record $15.01 billion in the data centre sector, representing a growth of 41% over the past year.
While NVIDIA has been dedicating resources towards developing new solutions for their enterprise customers, it seems like gaming is taking a back seat. Last year alone, it released 7 new products for the enterprise while releasing only the RTX 40 series for the gaming market. However, according to NVIDIA chief Jensen Huang, gaming is recovering from the post-pandemic downturn, with gamers enthusiastically embracing the new Ada architecture GPUs. Compared to the last quarter the company has seen an increase of 16 percent in the gaming sector.
Gaming reality
Gaming has been NVIDIA’s bread and butter since inception. As per the information from the January 2023 Steam Hardware Survey, NVIDIA reigns supreme in the field. However, there is a twist in the story – users are still on old hardware.
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