Nvidia, known for its groundbreaking initiatives, has revealed its financial results for the third quarter of the year. CEO Jensen Huang expressed satisfaction with the outcomes, emphasizing critical aspects like artificial intelligence technologies.
Nvidia Earns $35.1 Billion in Revenue in Q3
Nvidia achieved $35.1 billion in revenue, marking a 17% increase quarter-over-quarter and a staggering 94% year-over-year growth. Breaking this down further, the largest revenue segment for the company came from data centers. This segment saw a 17% quarterly growth and a remarkable 112% annual increase, contributing $30.8 billion to the company’s revenue.
The company’s gaming revenue also grew by 15%, reaching $3.3 billion. Additionally, the automotive sector reported a 72% year-over-year increase, generating $449 million. These impressive growth figures across multiple segments underscore the company’s substantial revenue expansion.
Nvidia’s net profit surged 109% year-over-year, reaching $19.3 billion. Commenting on these results, CEO Jensen Huang stated:
“AI is transforming every industry, company, and country. Enterprises are adopting generative AI to revolutionize their workflows. Investments in industrial robotics are growing alongside advancements in physical AI. Countries are recognizing the importance of developing their national AI and infrastructure.”
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