Nvidia's Next Multibillion-Dollar Opportunity Is Hiding in Plain Sight

2 days ago · Of course, the data center business is the biggest growth driver for Nvidia right now, but there is another segment that could contribute impressively to its growth in the coming years.

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Sep 20, 2024 · Nvidia has built a solid position for itself in this fast-growing data center niche that could help generate sizable revenue for the company in the long run.

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FAQs about Nvidia's Next Multibillion-Dollar Opportunity Is Hiding in Plain Sight Coupon?

Is Nvidia a new source of billion-dollar revenue?

Investors have appreciated the performance, and this has pushed the stock to a triple-digit gain over the past year. But companies aren't the only ones turning to Nvidia. A new business is emerging, involving countries around the world, and it could become a new source of billion-dollar revenue for this top chip player. ...

Is Nvidia capturing a multi-billion dollar opportunity in autonomous driving?

To recap, Nvidia is on the verge of capturing a multi-billion dollar opportunity in the autonomous driving industry, with projected growth rates taking its automotive segment to its second-fastest-growing on a CAGR basis by FY26 at ~37%. By then, Nvidia is projected to reach $2 billion in revenues for the segment. ...

Could a new business Supercharge Nvidia's growth?

Here's a closer look at this emerging business that could supercharge Nvidia's growth. Nvidia sells two types of data center chips. The first are the GPUs, which are already generating several billion dollars in revenue for the company each quarter. ...

Is Nvidia gaining traction in the data center business?

However, there is another niche within the data center business where Nvidia is now gaining impressive traction. This particular business segment is now bigger than Nvidia's gaming business, and it could turn out to be a key growth driver for the company in the long run. ...

Is Nvidia forming a new business unit?

There's some good news for Nvidia investors on this front. Nvidia is forming a new business unit focused on designing custom chips for cloud computing companies and others to use for data center AI and other applications, according to a Reuters' exclusive article published in February. ...

How big will Nvidia's data center business be in 2029?

Throw in the rosy prospects of the overall AI chip market, which is expected to clock $311 billion in annual revenue in 2029, and it won't be surprising to see Nvidia's data center business becoming even bigger in the long run than it is right now. ...