Nvidia Sales Beat Estimates as Data-Center Business Fuels Growth
- Company has been battered by slowdown in computer industry
- China woes also have cast shadow on Nvidia’s outlook
This article is for subscribers only.
Nvidia Corp. assured investors Wednesday that demand remains strong for its artificial-intelligence and data-center chips, even as the company continues to struggle with a slowdown in the personal-computer market.
While revenue declined 17% to $5.93 billion in the fiscal third quarter, that handily beat the $5.79 billion average estimate. Nvidia’s data-center unit posted a 31% sales increase, also beating projections. That helped make up for a 51% drop at the company’s gaming business -- a market tied to PC sales.