Nvidia founder and CEO Jensen Huang struck a bullish tone in the company’s third-earnings. And based on the company’s results, there may be reason to.
Nvidia reported revenue of $57 billion in the third quarter, 62% higher compared to the same quarter last year. The company’s net income on a GAAP basis was $32 billion, 65% higher year-over-year. Both revenue and profit results beat Wall Street expectations.
The revenue picture shows a company booming thanks largely to its data center business. Revenue generated by Nvidia’s data center business was a record $51.2 billion, up 25% from the previous quarter and up 66% from a year ago. The remaining $6.8 billion in revenue came from Nvidia’s gaming business with $4.2 billion, followed by sales in professional visualization and automotive.
Nv

TechCrunch

Atlanta Black Star Entertainment
NBC News Crime
ABC News
@MSNBC Video
MSNBC