NVIDIA announces its financial results for the third quarter of the year, and clearly, the brand is in excellent financial health. In fact, in just one year, the company’s profits have risen by 65%! The key to success? Demand for AI hardware, which continues to grow!
NVIDIA: third-quarter profits of $31.91 billion!
Clearly, it’s thanks to AI that NVIDIA has become the world’s largest market capitalization. The company is currently worth $4.39T on the stock exchange, ahead of Apple, with a $420 million lead. It has to be said that as soon as a company wants to build up a fleet of servers to train its models, it often turns to the Chameleon’s hardware. But watch out for the competition, as AMD seems equally motivated. Watch this space.
In any case, this quarter, the company posted sales of $57.006 billion, with profits of $31.910 billion. Compared with the previous quarter, sales are up 22%, while profits are up 21%. But compared with last year, NVIDIA is taking in 62% more money, while profits are up 65%!
Without question, the company’s most lucrative sector is data centers, which alone brought in $51.2 billion. It’s also the fastest-growing, with growth of 25% over the previous quarter and 66% year-on-year. Next, the Gaming and AI PC segment accounted for “only” $4.3 billion, down 1% on the previous quarter, but up 30% year-on-year.
The Pro Visualization and Automotive segments are very small in comparison, with sales of $760 million and $592 million respectively. Despite the low figures compared with the data center segment, which generated half a billion in sales, this is no mean feat, especially as the figures continue to grow.
All in all, there’s no need to worry about the chameleon: everything’s going well. The brand has a solid, well-established roadmap with Vera Rubin due to arrive next year. What’s more, we’re well aware that gaming is far from being a priority, and that there’s a good chance it will suffer the ups and downs of the data center sector. This is also the case, with RAM and VRAM prices on the rise.
