Nvidia Corporation develops and markets graphics processors and mobile processors for personal computers, workstations and wireless devices, such as tablets and cell phones. Nvidia recorded sales growth of 50% in the last quarter, led by growth in data centers (167% increase) and games (26% increase) Gross margin expanded 590 basis points, to 66%, given the best product mix. We hope that games will gain momentum with new console releases this season. We see as positive the company's intention to acquire Arm Limited for providing high visibility, as well as an ecosystem across the mobile space. NVDA expects the deal to be immediately positive for results and to support margin expansion.
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