DCK Investor Edge: As has been its tendency, Wall Street underappreciates the level of investment and the timelines of a long-term global hyperscale play.
CEO Huang says broader use of graphics chips in everything from cars to data centers will restore growth after what he characterized as a temporary setback.
DCK Investor Edge: The market has been smashing all records as the world’s largest, and it’s managed to do it based on numbers that don’t include the largest tenant there.
Worries sparked by lackluster results from data center tech vendors appear unfounded, as their biggest customers, the hyperscalers, report a good quarter.
Its cloud revenue grew 76 percent, which wasn't the blowout it's delivered in past quarters. CFO Amy Hood said the company isn't seeing signals that demand for internet services is slowing and along with it data center expansion.