NVIDIA is well-known for its gaming hardware. Our demand is greater than our supply,” Huang said. Huang was even more upbeat in a call with analysts on 16 February, telling them the company is ready to meet the global supply chain and computer chip crunch head-on. NVIDIA’s founder and CEO, Jensen Huang, did not hesitate when describing how well things were going: “We are entering the new year with strong momentum across our businesses and excellent traction.”
At $3.42bn revenue, up 37% from 2020’s fourth quarter, gaming stayed ahead of NVIDIA’s data centre division, which took in $3.26bn, up 71%. So, what is driving the upbeat NVDA stock prediction? Well, a lot of it can be attributed to the strength of revenues from its gaming arm.
Earnings per share stood at $1.18 – a 103% rise on the same period 12 months earlier. The NVIDIA stock news showed that revenues for the three months ended 31 January were a record $7.64bn, up 53% year-on-year, and 8% from the previous quarter. Just take a look at how the company fared in the fourth quarter of 2021, despite the fact that the coronavirus pandemic has affected its ability to operate normally. The NVIDIA share price forecast is reflective of a pretty extraordinary year for the chipmaking giant.
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