Chinese OEMs Will Use Nvidia's HGX Reference Architecture For Data Centers

Between cryptocurrency and gaming, autonomous vehicles and the Smart Home, NVIDIA Corporation (NASDAQ:NVDA)’s got its hand in a diverse range of trending projects.

Now, it’s increasing its exposure to computing hardware.

CEO Jensen Huang announced Monday that China’s top original equipment manufacturers ━ Huawei, Inspur and Lenovo ━ are supporting data centers with Nvidia’s HGX reference architecture, graphics processing unit technologies and Volta accelerated systems.

What This Could Mean

The announcement may hearten analysts discouraged by last quarter’s misses in data center revenues and Nvidia’s reliance on cryptocurrency business, which Barclays considers undependable.

“This stock can't afford to have a Data Center pause before ... next year," analysts wrote in August.

What The Street Says

Analysts are largely entrenched in their assessments of Nvidia, with all their latest activity mere reiterations. None have recently changed their minds on the stock.

Consensus is largely positive, with the last three months seeing 17 Buys, seven Holds and three Sells.

At last check, shares of Nvidia were up 4.23 percent at $178.23.

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