Nvidia’s data center business powers revenue beat

May 9, 2017 By Narottam Medhora (Reuters) – Nvidia Corp reported a better-than-expected 48.4 percent jump in quarterly revenue, helped by strong demand for its chips that are used by major cloud computing providers in data centers. Nvidia’s shares jumped 14.2 percent to $117.57 after the bell. Data center revenue more than doubled in the first quarter to $409 million, handily beating analysts’ estimates of $318.2 million, according to FactSet. “All of the world’s major internet and cloud service providers now use Nvidia’s Tesla-based GPU (graphics processing unit) accelerators,” Chief…

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