It’s no secret that NVIDIA (NASDAQ: NVDA) has increased during the current artificial intelligence (AI) boom, which has customers clamoring for the company’s graphics processing units (GPUs).
This has led to skyrocketing revenue in Nvidia’s data center segment. In its second quarter of fiscal 2025, which ended July 28, total revenue more than doubled year over year to $30 billion, and 88% of those sales came from its data center group.
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Therefore, it stands to reason that this crucial segment will continue to drive the stock in the near term. The big question is whether Nvidia stock has more room to rise after a whopping 187% gain so far this year. And there’s one number in particular that can help give investors a clue about what’s in store for the stock.
The company has not been able to manufacture enough H100 and H200 GPU chips to meet demand. It now has its next-generation Blackwell chips in production and sales are increasing. CEO Jensen Huang has said the anticipation for Blackwell “is incredible.”
Huang also said the company hopes to release its latest technology annually. It has already announced that an accelerator named Rubin will arrive in 2026.
Investors will begin to see how Blackwell will impact sales in its fiscal 2025 third-quarter report due Nov. 20. An important data point to note is the quarterly sales growth of Nvidia’s data center segment. This is because growth has actually slowed over the last five quarterly periods compared to the previous quarter.
For the stock to continue its incredible streak, that sequential revenue growth must reverse this trend. At the very least, investors will want the declining growth rate to stabilize. Blackwell, a next-generation AI accelerator, could make it a reality. This is because Nvidia stock has already risen in anticipation of continued growth. Investors should watch that figure to see if the stock’s gains can continue.
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