Nvidia reported record Q3 revenues of $18.12 billion, attributing the growth primarily to sales of generative AI hardware. The company's market capitalization now stands at $1.22 trillion. Nvidia CEO Jensen Huang emphasized that AI startups, consumer Internet companies, and cloud service providers were the primary drivers of this growth. The company's data center division, which focuses on compute and networking, was the main contributor to Nvidia's significant growth, with Q3 revenue reaching $14.51 billion, a 3.78x increase year-over-year.

Support our independent, free-access reporting. Any contribution helps and secures our future. Support now:
Bank transfer
Online journalist Matthias is the co-founder and publisher of THE DECODER. He believes that artificial intelligence will fundamentally change the relationship between humans and computers.
Join our community
Join the DECODER community on Discord, Reddit or Twitter - we can't wait to meet you.