Will 2023 Be the Year Nvidias Software Business Really Takes Off?
Summary
Specifically, consumers are slamming the brakes on the purchase of new PCs and smartphones, which has hit Nvidias (NVDA 0.07%) empire built on the GPU (graphics processing unit) especially hard. After all, Nvidia has a long history of bundling free-to-use software with a chip purchase to make it easier for video game enthusiasts and developers to get their new GPUs running as quickly as possible. As proof of this, during the third-quarter fiscal 2023 earnings call, CFO Collette Kress explained that Nvidia will begin segmenting out its large "data center" unit. Something similar is likely taking place with the "professional visualization" segment, which caters to video game and movie content creators, engineers, architects, and the like. Hundreds of companies are now using Omniverse, so it wouldnt take many teams subscribing to the service to make this a big chunk of the "professional visualization" segment.