Why Nvidia needs to appeal to a bigger crowd
Live MintThe Nvidia co-founder and chief executive was in rare form for the annual conference’s keynote address, even swapping his typical black leather racing jacket for a glittery one. Nvidia’s data center segment alone is projected to generate about $113 billion in revenue for the fiscal year ending in January—more than the projected total revenue of any other chip company this year, according to FactSet. Nvidia’s second largest business unit, graphics processors for gaming PCs, is on track to generate a little under $12 billion in revenue this year and is about a tenth the size of its data center segment. The company’s automotive segment is expected to grow to about $2 billion in revenue in the next fiscal year, though the company says total automotive revenue that year would be more like $5 billion if counting the data center computing necessary to power self-driving cars. Analysts expect Nvidia’s data center sales to eclipse the $200 billion mark in the fiscal year ending January 2027, according to Visible Alpha estimates.