Off the back of its Pascal-powered GeForce GTX 10 Series graphics cards, Nvidia is unsurprisingly having a fantastic year. Its shares price rose sharply in September, jumping 11.7% in value within just a single month according to data provided by S&P Global Market Intelligence and an analysis by the Motley Fool. Their Q2 2016 revenue stood at $1.43 Billion, experiencing a colossal 24% growth year on year.
Nvidia's share prices didn't go up in a blink of an eye however. Analysts were expecting a lot less than the announced $1.43 billion revenue in the second quarter of 2016. This announcement ultimately lead to more investors buying shares. Alongside this, Nvidia's automotive revenue has also seen a surge of over 68% thanks to their Tegra chips being installed into smart cars.
Car manufacturers are readily using the Tegra chipsets for their vehicle's infotainment systems. Alongside that, as the self-driving car industry is starting to thrive, so are the Tegra chips. The Nvidia Tegra X1, if you remember, was made specifically for this purpose when Nvidia announced the chip at the Consumer Electronics Show (CES) last year.
Nvidia's Q2 2016 earnings report also noted that its Pascal series was doing well on the market alongside Deep Learning. According to market analysis, Nvidia's GPU market revenue has seen an increase of 25% year over year.
Nvidia's CEO also noted that the company is investing in Artificial Intelligence and deep learning to keep in touch with the latest technology and the emerging markets.
We recently heard AMD was itself making huge gains in the graphics card market, its stock value more than tripling in the space of year. This was aided by its Polaris chips and the imminent arrival of its Zen CPU architecture. For the first time in a long time, things are looking up for both AMD and Nvidia. A sure sign of the growing strength of the PC gaming market in recent years.
What are your thoughts on Nvidis cementing its place in the GPU segment? How should AMD act to win back the top spot? Let us know!