Nvidia Smashes Earnings
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Nvidia, the world’s leading chipmaker by market value, has delivered a stellar performance in its third quarter, reporting record-breaking revenue of $35.1 billion—an impressive 94% year-over-year increase.
The company also posted a net profit of $19.3 billion, surpassing market expectations and cementing its dominance in the AI and semiconductor sectors.
This surge is attributed to high demand for its GPUs, which are integral to AI workloads and data centre operations, a growing segment fuelled by advancements in generative AI.
However, Nvidia faces challenges that could impact its growth trajectory. Reports of overheating issues in its next-generation Blackwell processors have raised concerns among investors and industry analysts.
With increasing competition from rival chipmakers and scrutiny over supply chain vulnerabilities, the company’s ability to resolve these technical challenges will be crucial to maintaining its leadership in the AI hardware space.
Investors are closely watching Nvidia’s future product launches and its strategic manoeuvres to ensure it sustains its momentum in the rapidly evolving tech landscape.
Data: eToro, FactSet, Morningstar, S&P Capital IQ, ProRealTime, MarketScreener