Nvidia Prospers As Games, Data Centre Drives Growth

Nvidia has pleased Wall Street with strong quarterly results, including over 800 percent rise in profits. The Santa Clara, California-based graphics chip specialist was helped by strong demand for its new GPUs in both the gaming and data centre industries. Financial Results Nvidia has also branched out into new areas including deep learning, AI and even the automotive sector, and the company is reaping the rewards. For the second quarter ending 31 July, it posted a net profit up a staggering 873 percent at $253m (£195m), compared to just $26m (£20m) in the same year ago period. There was equally good news on the revenue side, as sale rose 24 percent to $1.4bn (£1.1bn) from $1.153bn (£889m). Of course Nvidia made its name in the gaming sector, and it is…

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