The work-and-learn-from-home wave is stoking demand for cloud storage.

NVIDIA Corporation price-consensus-chart | NVIDIA Corporation Quote NVIDIA’s fiscal second-quarter performance is anticipated to have benefited from strength in its data-center business on the growing adoption of cloud-based solutions amid the pandemic-led global lockdown. Solid Cloud Adoption Likely to Have Aided Data-Center Revenues Notably, the Zacks Consensus Estimate for the data-center segment revenues in the fiscal second quarter is pegged at $1.72 billion, indicating a surge of 162% year over year and 50% sequentially.Ĭlick here to know how the company’s overall fiscal second-quarter performance is anticipated to have been. Robust year-over-year and sequential growth in data-center revenues in the last reported quarter, along with management's upbeat guidance for the soon-to-be-reported quarter, raises our optimism around this segment. The company’s fate is tied to its data-center segment, which accounts for a bulk of NVIDIA’s revenues. NVIDIA Corporation’s NVDA second-quarter fiscal 2021 results, scheduled for an Aug 19 release, are likely to reflect benefits from stellar demand for cloud computing and data centers.

Nvda earnings q2 2020