That's what I'm watching when NVIDIA reports.
I want to see if that was a blip or if that's really going to be a long-term acceleration of the data center space. All that data has to live somewhere so they fairly have to build that out.
People are using social media more, people are streaming more, people are working from home. I'm looking to see if the data center momentum is sustained, because like I said, that got a huge acceleration due to the pandemic. Not necessarily in the near term, but what the autonomous vehicle applications of NVIDIA's products will mean down the road. I'm really excited about what that will mean for the business over the next 20 years. They just recently announced the partnership with NIO ( NIO 1.22%), the Chinese EV company, to provide the computers for their vehicles starting in 2022. It actually declined year over year, some legacy infotainment tech ran its course.
#Nvda earnings report feb 8 driver
It's a relatively small revenue driver for the business right now. Another area that is really interesting long-term, is the autonomous vehicle applications of what NVIDIA's doing. As they've had to build out their infrastructure, NVIDIA and other companies that make chips like that have been real beneficiaries. All that data has to live somewhere, and that's where these data centers come in. A Zoom (NASDAQ: ZM) webinar of thousands of people watching, that's a pretty data heavy application. These are companies that did really well during the pandemic because the volume of data that's just flowing around the globe has really been accelerated due to the pandemic. At one point at March 2020, Digital Realty was the only stock in my portfolio that was up for the year. Read our earnings report guide before you consider the forecast information when making investment. A lot of what I cover are the data center REITs, the real estate investment trusts like Digital Realty Trust ( DLR 2.34%) and Equinix ( EQIX 1.33%). Nasdaq provides visual representation of analyst expected earnings growth. Because I'm known as real estate guy at The Motley Fool. That's one of the things I'ss really be watching going forward. NVIDIA's last quarter, their data center revenue was up over 160% year over year.
The data center business has really exploded in 2020. They make the graphics processors for video gaming and that are used in data applications. They make their money from two big segments right now: data centers and gaming. They're the undisputed leader in graphics chips. Is essentially repurposed graphics cards. They make graphical processing units which are specialized computers, but that's what's used in bitcoin mining. Matt Frankel: So, NVIDIA, it first got on my radar when I first started to learn about cryptocurrencies.
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