Increasing focus on the metaverse, a virtual world built on technologies like VR and augmented reality ( AR), is likely to create additional sources of demand for the company's data center chips.
That development has helped to boost demand for Nvidia's chips used by data centers.
Demand for remote computing power increased substantially during the pandemic as more and more people began working from home and businesses were forced to shift certain operations online. Both of those technologies are increasingly important for the rapidly growing data center market. It turns out that the robust computational capabilities employed by GPUs to power video games and graphics software are also well-suited for technologies like AI and machine-learning. Nvidia has traditionally specialized in making chips for the gaming and graphics industry, being a pioneer in the development of graphics processing units (GPUs). PC GPU shipment share worldwide Q2 2009 - Q1 2022, by vendor. As mentioned above, investors will also be focusing on Nvidia's data center revenue. In their 2022 fiscal year, Nvidia recorded revenues of 26.91 billion U.S. GAAP earnings per diluted share for the quarter were 0.94, up 276 percent from a year ago and up 24 percent from the previous quarter.
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