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Nvidia Data Center Revenue Soars Past Gaming
Nvidia (NASDAQ: NVDA) revenue for the third quarter ending 10/31/22 was $5.93 billion, down 17% from the previous year quarter. Data center revenue was up 31% to $3.83 billion while gaming revenue was down 51% from the previous year to $1.57 billion.
Analysis
Nvidia has had a rough year in its game segment. Shortages led to high prices and it was hard to find graphic cards in the first part of the year. Going into the second half of 2022, many consumer…..
Nvidia Terminates Acquisition of Arm
Nvidia has announced they are terminating the deal to acquire Arm Limited from the SoftBank Group. The $40 billion deal faced significant regulatory challenges. Arm is now looking at potentially spinning off from SoftBank in an IPO.
Analysis
The acquisition of Arm was announced in late 2020. However, in recent weeks there were …..
Video Game Hardware Forecasted to Reach $135 Billion
It has always been a great irony that, as video game software has gone digital, spending on hardware to play games has soared. Unlike other entertainment industries, video game hardware is definitely not a commodity.
DFC Intelligence forecasts that global spending on video game hardware will grow from $82 billion in 2021 to $135 billion in 2026. This includes console systems, PC hardware used for games and accessories such as controllers, headsets, gaming keyboards an…..
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