Nvidia’s Drive Orin is a system-on-a-chip (SoC) that acts as the central power in smart vehicles. Yet, Nvidia’s automotive business accelerated. In Nvidia’s fiscal Q2 2023 earnings, sales growth fell as economic conditions started to slow. So Nvidia sales swelled 52% in 2020, reaching $16.68 billion, and then another 61% in 2021 as computer chips were in high demand. The more online activity requires extra computing power. In fact, Nvidia was one of the biggest winners during the pandemic as society moved digital. Nvidia is best known for its state-of-the-art computer chips that power everything from gaming consoles to supercomputers and even crypto mining. However, a bright spot in the report was Nvidia’s automotive segment, fueled by rising demand for new energy vehicles. Nvidia’s gaming revenue in the January quarter rose 37% to $3.42 billion, while data-center revenue was $3.26 billion, up 71%.Chip-making giant Nvidia (NVDA) released its Q2 earnings report on Wednesday, falling short of Wall St expectations. For its fourth quarter, the chip maker reported adjusted earnings of $1.32 a share, up 69% from the year-earlier period, with revenue of $7.64 billion, up 53%. Nvidia reports its results for the first fiscal quarter, ended in April, on May 25 after the market closes. Healthy underlying demand for Nvidia’s products is being driven by hyperscale cloud computing and artificial intelligence workloads, he said. To be sure, the analyst does expect a strong result for Nvidia’s data-center segment, which he believes has grown larger than gaming. It “presents a potential intermediate-term narrative risk going into the quarter,” he wrote. The outlook for the gaming segment is less clear as businesses and economies start reopening, Rolland said. Nvidia (ticker: NVDA) was down 4.6% to $173.38 on Wednesday as the broader market sold off. The analyst kept a positive rating on the stock but lowered his target for the price to $280 from $320.

Companies typically don’t discuss their performance in the days leading up to their earnings reports.

Nvidia declined to comment or provide any guidance on the performance of its gaming segment.

Nvda earnings date 2017