From Nasdaq: 2024-05-20 05:35:00

Nvidia, known for its GPUs powering AI tasks, may unveil a potential growth driver in its upcoming earnings report. Data center revenue ($18.4B) now surpasses video game revenue ($2.9B). The new focus on software, like AI Enterprise, could be key to future growth. CEO Huang believes enterprise software could be a significant business over time.

As AI projects expand, the need for Nvidia’s GPUs and AI Enterprise service may increase. Software could be a long-term growth driver for Nvidia. With a strong reputation for premium GPUs, customers may turn to Nvidia for efficient AI experiences. Investors should monitor progress in software growth during the upcoming earnings report.

Consider potential investment in Nvidia carefully. While the company has seen significant growth, AI Enterprise may take time to ramp up. Nvidia’s range of products and services, including software, could lead to long-term revenue growth. Buying and holding Nvidia stock may provide opportunities to benefit from the AI industry’s growth.

The Motley Fool’s Stock Advisor team didn’t include Nvidia in its list of top stocks. However, the service has a track record of identifying high-performing stocks. Stock Advisor offers guidance on building a successful portfolio, with a history of outperforming the S&P 500 since 2002. Consider the potential for long-term growth when investing in Nvidia.



Read more at Nasdaq: Could This Be Nvidia’s Next Growth Driver?