The company recorded 83% year-over-year growth in this segment last quarter to $3.75 billion. Meanwhile, the data center business that's currently delivering outstanding growth should get even better from next year with the launch of new products.

Mordor Intelligence forecasts 14% annual growth in this segment through 2026, and Nvidia is in a solid position to tap this growth as it controls a 78% share of this space.

What's more, the long-term prospects of the gaming GPU market appear to be solid.

As such, Nvidia's gaming business should step on the gas following a near-term hiccup once it launches its new products. More importantly, the company is confident of improved graphics cards availability in the second half of the year. Nvidia's next-generation cards are expected to perform twice as better as its current offerings. Nvidia estimates that only a third of its installed base of graphics cards users have made the jump to its latest generation of RTX series graphics cards that support technologies such as ray tracing and resolution enhancement. What's more, Nvidia's growth should pick up the pace in the latter half of the year as its new graphics cards hit the market.

Nvda stock split ratio