Nvidia AI

Nvidia Grows Beyond Games

On March 22, DFC Intelligence had the privilege to join a private analyst briefing with Nvidia CEO Jensen Huang.  This was an opportunity to ask Huang detailed questions following his keynote at the Nvidia GTC conference the previous day. The focus was almost entirely on Nvidia’s future in AI.  The key takeaway from the keynote and briefing was that Nvidia is in the process of its most expansive growth of business model ever.  That expansion is into AI which is hitting.....
Nvidia Artifical Intelligence

Nvidia Game Revenue Declines 28% in FY 2023

For the fiscal year ending January 29, 2023, Nvidia (NASDAQ: NVDA) saw its gaming revenue decline 28% from FY 2022 to $9.1 billion.  Overall annual revenue was flat at $27 billion.  For fiscal 2023 net income was down 55% YOY to $4.4 billion. Analysis The past year was rough for Nvidia, but the company is clearly poised for strong growth in coming quarters.  Investors are once again bullish as the company stands to benefit from the growth of the.....
Video Game Market Forecast

New DFC Game Industry Forecasts Are Looking Bullish

The fourth calendar quarter of the video game industry has always been about big product releases. However, as the final results from 2022 are being released through the month of February, it continues to become clear that new hit titles are only one portion of what has become a massive business. Going forward, DFC Intelligence is redefining its forecast to closely align with tracking the live services segment. The good news is the video game in.....
CMA Microsoft Activision

Do CMA Findings Jeopardize Microsoft Activision Blizzard Deal?

The U.K. Competition and Markets Authority (CMA) published its latest findings in its ongoing inquiry into the Activision Blizzard merger.  These provisional findings are part of the ongoing Phase 2 investigation that started last September and is scheduled to be completed by April 26, 2023. The 275-page document concludes with two major issues: The full report is available .....
Video Game Stock Index

Video Game Stock Index Up 12% in January

The DFC Intelligence Video Game Stock Index and Video Game Stock Portfolio were launched on January 3, 2023.  In its first month companies in the index reported an average 12% gain.  The largest gain was among the larger conglomerate companies that ironically announced some significant recent layoffs. Meta was the best performer, showing a 51% increase for the month, much of it in the past few days, after reporting four.....
AMD Gaming Revenue

AMD Beats Expectations in Q4

For the 4th quarter ending 12/31/22, AMD revenue was up 16% over the previous year to $5.6 billion.  For the full year 2022 AMD revenue was up 44% to $23.6 billion.  Net income for the year was down 58% to $1.32 billion. Gaming revenue was up 21% for the year to $6.8 billion.  However, in the fourth quarter of 2022, AMD reported gaming revenue was down 7% from the previous fourth quarter. Analysis In recent years, AMD has c.....
Nvidia Stock

Nvidia Due for a Comeback in 2023

Hardware companies in the DFC Intelligence Video Game Stock Index were hammered in 2022 and Nvidia (NASDAQ: NVDA) was no exception.  Nvidia stock was down 52% from January 2022 to January 2023.  This was after a slight rally toward the end of the year. The big growth area for Nvidia has been data centers.  In the last quarter, Nvidia’s data center revenue was up 31% over the previous year quarter while ga.....
Nvidia Quarterly revenue

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 2.....

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