NVIDIA Expects To Earn $5 Billion Revenue This Quarter Following Record Revenue In Q4 & FY 2021
https://wccftech.com/nvidia-expects-to-earn-5-billion-revenue-this-quarter-following-record-revenue-in-q4-fy-2021/
Graphics processing unit (GPU) designer NVIDIA Corporation expects to earn record revenue during the current quarter as it reports the first full quarterly sales of its GTX RTX 30 'Ampere' consumer and enterprise GPU lineup today. NVIDIA, which has been at the center of press attention due to its $40 billion attempt at acquiring British design house Arm Ltd. was up by 3% in aftermarket trading at 16:43 EST today after the company reported a whopping 59% year-over-year revenue growth for its fiscal year 2021 at the close of trading today. Yet, an hour later the price dropped by 2.5%, reversing the gain.
The big story for NVIDIA's fourth-quarter earnings is its Gaming revenue. At the end of the third quarter, the Santa Clara, California company reported $2.2 billion in revenue from the segment, as it settled in after launching the highly anticipated Ampere graphics cards.