The skeptics might say that Nvidia has some catching up to do when it comes to its automotive business. In that same time frame, Nvidia increased its revenues for Gaming by 72%, Data Center (including cloud and artificial intelligence) by 53%, and Automotive (including autonomous vehicles) by 13%. In other words, Nvidia nearly doubled this segment’s revenues in just a year. The most impressive revenue growth came from Nvidia’s Professional Visualization segment, at 97% from Fiscal Year 2021 to Fiscal Year 2022.
To back this claim up, the company reported strong revenue growth in not just one but four different segments. Nowadays, Nvidia claims to be a world leader in accelerated computing. However, the company has expanded its business model in recent years.
Nvidia once had a reputation for just making GPUs (graphics processing units) for high-powered gaming consoles. Therefore, NVDA stock could be considered a bargain at almost any price point. Still, when we check the data, it’s evident that Nvidia is firing on all cylinders. From gaming PCs to autonomous vehicles, oftentimes, you’ll find that Nvidia’s components are powering the world’s devices.Īdmittedly, Nvidia pays a minuscule dividend yield, and the company’s trailing 12-month price-to-earnings ratio of 84.2 might bother some value investors. Over the years, Nvidia has blossomed into a computing hardware powerhouse. Nvidia ( NVDA) designs and manufactures graphics processing units (GPUs) and microprocessors for computing platforms, including high-end gaming PCs.
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