Nvidia CEO “enthusiastic” about data center business, revenues grow 63% YoY

Romit Shah, of Japanese financial holding company Nomura, has raised his rating on the shares in silicon specialist Nvidia, after spending time with CEO Jen-Hsun Huang and hearing about the company’s plans for the future. The Wall Street analyst said that Huang “was very enthusiastic about the prospects for the data center business, as hyperscale companies quickly adopt throughput computing in an effort to accelerate workload performance.” Shares jumped three percent on the news. Accelerating growth Show Fullscreen Source: Nvidia Nvidia’s year-on-year data center revenues grew by 63 percent last quarter, mostly due to the “broad adoption” of Tesla M40 GPU accelerator. Nomura believes the company has an 80 percent share of the accelerator market, which accounts for less than one percent of overall data center spending. Released late last year, the Tesla M40 GPU was designed for machine learning, and features 3,072…

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