Its gaming revenue has increased from $4.06 billion in fiscal 2017 to $5.52 billion in fiscal 2020. And as the dominant supplier of graphics cards, NVIDIA has naturally benefited from the market's growth.
The gaming market has been booming, which NVIDIA management has largely attributed to the phenomenal popularity of esports and the increasing quality of video games. The global gaming market will continue its robust growth Last year, chip behemoth Intel ( INTC 3.41%) confirmed reports that it planned to enter this space in 2020. NVIDIA and AMD won't have the discrete GPU market to themselves anymore, however.
Nvda stock forecast 2018 plus#
NVIDIA is more dominant in the higher-end graphics card market - and that's a plus since profit margins are usually fatter in the more upscale end of all product categories. Moreover, while market share is important, it's not the be-all and end-all. That said, there's no good reason to believe that AMD will catch up to NVIDIA within five years. AMD has been gaining ground, however, as it had share of 27.1% in the previous quarter.
In the fourth quarter of 2019, the company controlled 68.9% of this market, compared with Advanced Micro Devices' ( AMD 1.82%) 31.1%, according to research firm JPR's hot-off-the-presses report. NVIDIA dominates the market for discrete graphics processing units (GPUs) - the key component in graphics cards for desktop computer gaming. NVIDIA will still be the leading supplier of graphics cards for computer gaming
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