# Nvidia slips on concern about growth of data center business | Tech News (HT Tech) > Nvidia reported data center chip sales jumped 97% to $1.9 billion in the fiscal fourth quarter from a year earlier. # Nvidia slips on concern about growth of data center business ## Nvidia reported data center chip sales jumped 97% to $1.9 billion in the fiscal fourth quarter from a year earlier. Aug 21 2022, 15:16 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![The chipmaker is seeing a surge in orders for PC gaming gear from consumers stuck at home in the pandemic and looking for entertainment.](https://images.hindustantimes.com/tech/img/2021/02/25/1600x900/2021-02-24T220135Z_1909070386_RC2AZL98W2YC_RTRMADP_3_NVIDIA-RESULTS_1614257935155_1614257970764.JPG) The chipmaker is seeing a surge in orders for PC gaming gear from consumers stuck at home in the pandemic and looking for entertainment. (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By BLOOMBERG Nvidia Corp. shares slipped on concern about the growth of the company’s data center chip business. During an earnings conference call, Chief Financial Officer Colette Kress said the majority of growth in the current period will come from Nvidia’s gaming business. Some analysts worried that means the data center division will expand more slowly and they asked several questions on the topic during the call. Nvidia reported data center chip sales jumped 97% to $1.9 billion in the fiscal fourth quarter from a year earlier. It also gave a revenue forecast that beat Wall Street expectations. However, the CFO’s comments on the conference call curbed enthusiasm for a stock that has more than doubled in the past year. Also read click here. The stock fell about 2.5% in extended trading, after closing at $579.96 in New York earlier on Wednesday. The company has become a barometer of confidence at some of the biggest tech companies. Cloud providers such as Google and Amazon.com Inc. use Nvidia graphics chips to help power some of the most widely used services on the internet. That business is choppy, with spikes in orders followed by lulls as customers use up stockpiles of chips. Right now, the semiconductor sector is struggling to meet surging demand in some parts of the industry, and Nvidia has been caught up in this. An increase in online activity and purchases of technology gear for working from home triggered a sharp rebound in chip demand last year. That caught some customers off guard, especially automakers. New orders flooded in and the global semiconductor supply chain is still trying to catch up. Nvidia outsources production to Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co., which are swamped with orders. That’s limiting Nvidia’s ability to meet demand. “Throughout our supply chain, stronger demand globally has limited the availability of capacity and components, particularly in Gaming,” Kress said. Nvidia is supply constrained “at the company level,” Chief Executive Officer Jensen Huang said. It has enough supply to grow throughout this year, and some segments like data center won’t be hurt by chip shortages, he added. Revenue will be about $5.3 billion in the period ending in April, the Santa Clara, California-based company said Wednesday in a statement. That compares with an average analyst estimate of $4.5 billion, according to data compiled by Bloomberg. The chipmaker is seeing a surge in orders for PC gaming gear from consumers stuck at home in the pandemic and looking for entertainment. Nvidia’s graphics chips are also important components in machines that run the code needed to create Bitcoins and other cryptocurrencies. The price of Bitcoin has soared in recent months. Huang has built on Nvidia’s strength in PC gaming graphics chips by taking the company into new markets such as artificial intelligence processing in data centers and components for autonomous vehicles. Revenue from gaming was $2.5 billion in the quarter, up 67% from the same period last year.During previous run ups in the price of cryptocurrencies, Nvidia experienced surging demand followed by crashes sparked by price drops and the switch to more customized technology. The company has tried to minimize this volatility by offering different chips specifically for crypto mining. That reduces the risk that Nvidia’s gaming chips are dumped back into the market when crypto customers realized they don’t need them. Last September, Nvidia agreed to buy SoftBank Group Corp.’s chip division Arm Ltd. for $40 billion, in a bid to control of some of the most widely used electronics technology. The two are seeking regulatory approval around the world. Arm customers including Google, Microsoft Corp. and Qualcomm Inc. are worried about the deal and have urged antitrust officials to intervene. Fiscal fourth quarter revenue rose 61% to $5 billion and profit excluding certain costs was $3.10 a share in the period, which ended Jan. 31, the company said. Analysts, on average, predicted earnings of $2.81 a share on sales of $4.82 billion. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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