Nvidia currently dominates the data center sector with an 80% market share. The data center unit earned $3.75 billion in revenue, up 83% year-over-year.

The data center business, in particular, is exploding for Nvidia and was the company’s biggest source of revenue in its fiscal 2023 first quarter that ended on May 1. These products are widely used, not only in gaming, but also in data centers and the automotive industry worldwide. Huge DemandĪcknowledged problems aside, there remains huge demand for Nvidia’s various semiconductors, microchips and processors. Nvidia has not announced any new acquisitions in the months following the termination of the Arm purchase. Once the acquisition was declared null and void, many analysts wondered aloud what would be next for Nvidia, and how the company will maintain the torrid pace of growth that investors have come to expect.

A lot of value from the Arm deal was built into NVDA stock when it was trading near $350 a share last year. The GTX 1630 appears to be a rare miss for Nvidia.Īnother blow to Nvidia and its shareholders was the cancellation of the company’s planned $40 billion acquisition of Britain’s Arm Limited, which was scuttled due to a lack of support among regulators around the world. A review published by technology website Gizmodo said that the GTX 1630 isn’t good for gaming, which is typically what Nvidia’s graphics cards are used for.

The GTX 1630 card has drawn scathing reviews from critics and generated disappointment among consumers. However, NVDA stock has also taken a few body blows from a spate of bad news related to the company and its products.Ĭase in point, Nvidia’s new low-cost GTX 1630 graphics card, which the company issued with little fanfare recently. The relentless market selloff (we’ve officially had the worst first half to any year since 1970) has been hard on NVDA stock and pulled it lower in recent months.

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