Nvidia Corp. saw a huge turnaround at the end of a rough year, powered in large part by a surge in sales of its graphics processors into the data-center market.
reported record quarterly data-center sales of $968 million Thursday, an unexpected and eye-popping number. Nvidia had never topped even $800 million in quarterly server-chip sales previously, and Wall Street was expecting $825.8 million — Nvidia hopped over that hurdle by a whopping 17%.
The beat was a welcome end to a brutal year, in which Nvidia dealt with a “crypto hangover” that slammed its gaming business and a strange stall in the server business as some hyperscale cloud providers slowed purchases. The company’s stock…