Close Menu
TechCentralTechCentral

    Subscribe to the newsletter

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    Facebook X (Twitter) YouTube LinkedIn
    WhatsApp Facebook X (Twitter) LinkedIn YouTube
    TechCentralTechCentral
    • News

      Vodacom’s Maziv deal gets makeover ahead of crucial hearing

      18 July 2025

      Cut electricity prices for data centres: Andile Ngcaba

      18 July 2025

      Takealot taps Mr D to deliver toys, pet food and future growth

      18 July 2025

      ‘Oh, Ani!’: Elon’s edgy bot stirs ethical storm

      18 July 2025

      Trump U-turn on Nvidia spurs talk of grand bargain with China

      18 July 2025
    • World

      Grok 4 arrives with bold claims and fresh controversy

      10 July 2025

      Samsung’s bet on folding phones faces major test

      10 July 2025

      Bitcoin pushes higher into record territory

      10 July 2025

      OpenAI to launch web browser in direct challenge to Google Chrome

      10 July 2025

      Cupertino vs Brussels: Apple challenges Big Tech crackdown

      7 July 2025
    • In-depth

      The 1940s visionary who imagined the Information Age

      14 July 2025

      MultiChoice is working on a wholesale overhaul of DStv

      10 July 2025

      Siemens is battling Big Tech for AI supremacy in factories

      24 June 2025

      The algorithm will sing now: why musicians should be worried about AI

      20 June 2025

      Meta bets $72-billion on AI – and investors love it

      17 June 2025
    • TCS

      TCS+ | Samsung unveils significant new safety feature for Galaxy A-series phones

      16 July 2025

      TCS+ | MVNX on the opportunities in South Africa’s booming MVNO market

      11 July 2025

      TCS | Connecting Saffas – Renier Lombard on The Lekker Network

      7 July 2025

      TechCentral Nexus S0E4: Takealot’s big Post Office jobs plan

      4 July 2025

      TCS | Tech, townships and tenacity: Spar’s plan to win with Spar2U

      3 July 2025
    • Opinion

      A smarter approach to digital transformation in ICT distribution

      15 July 2025

      In defence of equity alternatives for BEE

      30 June 2025

      E-commerce in ICT distribution: enabler or disruptor?

      30 June 2025

      South Africa pioneered drone laws a decade ago – now it must catch up

      17 June 2025

      AI and the future of ICT distribution

      16 June 2025
    • Company Hubs
      • Africa Data Centres
      • AfriGIS
      • Altron Digital Business
      • Altron Document Solutions
      • Altron Group
      • Arctic Wolf
      • AvertITD
      • Braintree
      • CallMiner
      • CambriLearn
      • CYBER1 Solutions
      • Digicloud Africa
      • Digimune
      • Domains.co.za
      • ESET
      • Euphoria Telecom
      • Incredible Business
      • iONLINE
      • Iris Network Systems
      • LSD Open
      • NEC XON
      • Network Platforms
      • Next DLP
      • Ovations
      • Paracon
      • Paratus
      • Q-KON
      • SevenC
      • SkyWire
      • Solid8 Technologies
      • Telit Cinterion
      • Tenable
      • Vertiv
      • Videri Digital
      • Wipro
      • Workday
    • Sections
      • AI and machine learning
      • Banking
      • Broadcasting and Media
      • Cloud services
      • Contact centres and CX
      • Cryptocurrencies
      • Education and skills
      • Electronics and hardware
      • Energy and sustainability
      • Enterprise software
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Lifestyle
      • Motoring
      • Public sector
      • Retail and e-commerce
      • Science
      • SMEs and start-ups
      • Social media
      • Talent and leadership
      • Telecoms
    • Events
    • Advertise
    TechCentralTechCentral
    Home » Electronics and hardware » Nvidia blows past analyst forecasts on strong data centre demand

    Nvidia blows past analyst forecasts on strong data centre demand

    By Ian King18 November 2021
    Twitter LinkedIn Facebook WhatsApp Email Telegram Copy Link
    News Alerts
    WhatsApp
    Nvidia CEO Jensen Huangjjensen

    Nvidia, the world’s largest chip maker by market value, gave an upbeat forecast for the fourth quarter, fuelled by its expansion into data centre semiconductors and other markets.

    Revenue in the period will be about US$7.4-billion, the company said Wednesday. That compares with a $6.86-billion average analyst estimate. The shares rose as much as 3.9% in late trading after the report was released.

    Nvidia, whose roots are in graphics chips for gaming systems, has pushed into processors that run servers — the powerful machines used by cloud computing and corporate networks. Revenue from that segment jumped 55% last quarter to $2.94-billion, well ahead of the $2.69-billion estimated by analysts. Sales to the car industry, though, were disappointing — hurt by supply constraints.

    Nvidia has averaged about 57% revenue growth over the last eight quarters. That performance has helped push its market capitalisation above $730-billion, making it more than three times the size of Intel, a company that has triple Nvidia’s annual revenue. Nvidia is now one of the top 10 companies by market value in the S&P 500 Index.

    Even before the post-market rally, Nvidia’s shares had more than doubled this year.

    Its performance has helped push its market capitalisation above $730-billion, making it more than three times the size of Intel

    Nvidia posted record sales of $7.1-billion in the third quarter, topping the $6.81-billion average prediction from analysts. Earnings came in at $1.17/share, excluding some items, compared to an estimate of $1.11.

    Meanwhile, Nvidia is more than a year into the process of trying to acquire ARM, a designer of chips used in smartphones and myriad other technologies. It’s still trying to obtain regulatory clearance for the deal in multiple jurisdictions around the world.

    The US Federal Trade Commission has expressed concerns about the purchase, Nvidia said on Wednesday.

    The transaction would give Nvidia CEO Jensen Huang the most widely used underlying technology in the chip industry and spread the company’s reach into many devices, including smartphones. But several of ARM’s major customers, and Nvidia’s competitors, have voiced their opposition to the purchase because of potential conflicts it might create. SoftBank Group currently owns ARM.  — (c) 2021 Bloomberg LP



    ARM Intel Jensen Huang Nvidia
    Subscribe to TechCentral Subscribe to TechCentral
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email Copy Link
    Previous ArticleBill Gates says Covid deaths could drop to flu levels by mid-2022
    Next Article MTN exits Yemen as it withdraws from the Middle East

    Related Posts

    Trump U-turn on Nvidia spurs talk of grand bargain with China

    18 July 2025

    SA businesses embrace gen AI – but strategy and skills are lagging

    17 July 2025

    Nvidia CEO to hold high-stakes media briefing in Beijing

    13 July 2025
    Company News

    Vertiv to acquire custom rack solutions manufacturer

    18 July 2025

    SA businesses embrace gen AI – but strategy and skills are lagging

    17 July 2025

    Ransomware in South Africa: the human factor behind the growing crisis

    16 July 2025
    Opinion

    A smarter approach to digital transformation in ICT distribution

    15 July 2025

    In defence of equity alternatives for BEE

    30 June 2025

    E-commerce in ICT distribution: enabler or disruptor?

    30 June 2025

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2025 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.