NVIDIA: Cloud Computing Revenue to Reach $1Bn in Coming Years
According to the graphics giant NVIDIA, cloud computing revenues are expected to reach $1Bn in the coming years. The company claims that Big Data collection and analysis will be factors in boosting revenue in this timeframe.
CEO Jen-Hsun Huang, told reporters ahead of Computex, that cloud is the company’s fastest growing department, and the growth will cause revenue to reach $1Bn in two or three years.
The increasing demand of powerful graphics chips and processors that can run data-heavy apps is due to Big Data analysis growth. Chips that are capable of handling high-powered computing and cloud apps are required as the enterprise fully utilize Big Data within its business operations.
Back in the first quarter of 2015, the chip maker posted a net profit of $134 million, 24 cents per share.
NVIDIA is pushing itself in the enterprise market, and its partnership with VMware is a big help in this regard. Due to this, the company is able to reach 80% of corporations.
NVIDIA’s GPUs are being used in data centers and computers that handle data-heavy apps and its partnership will definitely help it further boost its reach.
On a related note, NVIDIA has finally revealed their GTX 980 Ti for $650. The standard GTX 980 has received a price drop and will be available for $499.
According to some early reviews, GTX 980 Ti provides a 8-10% boost in performance compared to GTX 980. ASUS has also shared the design for GTX 980 Ti DirectCU III STRIX.