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NVIDIA Q3 2021 Earnings Preview: Watch Out For Data Center Revenue, Q4 Guidance

NVIDIA Q3 2021 Earnings Preview: Watch Out For Data Center Revenue, Q4 Guidance

4 years ago
Anonymous $RGO3jP_V_c

https://wccftech.com/nvidia-q3-2021-earnings-preview-data-center-q4-guidance/

After an eventful year, chip designer NVIDIA Corporation is all set to release its earnings report for its third quarter of the fiscal year 2021 on Wednesday. NVIDIA, who not only announced a key acquisition but also upgraded its entire graphics processing unit (GPU) lineup earlier this year is intent on capitalizing on the current trends towards artificial intelligence and data center computing, in addition to competing with its traditional rival in the GPU market AMD.

NVIDIA's shares are up 122% year-to-date as they overcome the market-wide slump in March. The shares closed at $239.91 at the start of this year and since then, they've added $291.97 in gains - the most of its two near-peers in the semiconductor industry, namely AMD and Intel Corporation. AMD's shares opened at $49.10 at the start of the year and since then the CPU and GPU designer has added $32.33 in value to mark a 66% year to gain. Intel is the worst faring stock of the three as the chipmaker bore the brunt of its process node delay and dropping data center revenue, with the stock having lost 25% of its value year-to-date.