Nvidia reported, the market shrugged.

You're listening to Motley Fool Money.

I'm Ricky Mulvey, joined today by Asset Sharma.

Awesome, thanks for being here, man.

I appreciate you inviting me, Ricky. Glad to be here.

Well, I wanted to get you on Nvidia Day because I know you think a lot about artificial intelligence,

and this is the market leader. This is the leader in the space. And on the surface, if we don't

look at the stock reaction,

it seems like Nvidia shot the lights out. Year over your sales growth of 78%, almost 80%, and most of that

is coming from data center revenue. Make no mistake. We could and probably will talk autonomous

driving, gaming, robotics, but right now, Nvidia is a data center business. So let's talk about that number and talk about the growth

in the data centers. Where's that coming from, Osset?

So it's coming from two places, Ricky. First, as we all know, it's coming from the big

hyperscalers who are buying Nvidia GPUs, especially their Blackwell GPU complexes, hand over fists. So think big

companies like Microsoft, which has the Azure platform, Amazon.com, which has AWS, those companies

that are in the business of serving up AI to us are buying this compute. Now, the other half of that

group is enterprise businesses, companies

that may be in the Fortune 1000 or the Fortune 500. They are slowly but surely digging deeper

into their own capabilities to serve AI to their customers. And they're not only renting space

on these big clouds. They are doing this internally. so they're buying GPUs for their own purposes.

That's becoming a little bit bigger business over time than it was at the outset of this generative AI explosion a couple of years ago.

There are a few forces that seem to be affecting Nvidia right now.

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