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Nvidia Signals That Growth of Data Center Business Will Slow

  • Gaming business overtaken by newer server chip business
  • Data center revenue more than doubled from a year ago
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Photographer: SOPA Images/LightRocket
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Nvidia Corp. suggested that the growth of its data center business will slow, sending shares of the chipmaker down 1.4% in extended trading on Wednesday.

Chief Financial Officer Colette Kress said data center sales will grow in the “low-to-mid single digit” percentage range in the fiscal third quarter, compared with the previous quarter, she said. That’s down from a 54% quarter-on-quarter surge in the most-recent period.