Rising turnover, stock market valuation at the top, all the lights are green for Nvidia which expects its results to continue to increase in the fourth quarter. Let’s take stock.
Nvidia panics the counters
The California-based company posted revenue of $30.8 billion over the past three months, up 94% year-over-year and 17% from the previous quarter. The majority of this total, $30.8 billion, comes from data center revenues, via GPU sales. This activity is up 112% over one year!
Optimistic, the company’s CEO, Jensen Huang, foresees that turnover will climb to $37.5 billion for the last three months of the year. He specifies: “We see the number of AI-native companies continuing to grow. And of course, we’re starting to see that the adoption of AI agents used by businesses is really the big trend right now.”.
These elements are enough to promote the success of Nvidia, which is now the most valuable company in the world (3,600 billion dollars), ahead of Apple, which nevertheless seemed unstoppable for many years.
Nvidia’s in-game assets
The technology company can look even more confidently to the future as its prestigious clients, such as Microsoft, Oracle and OpenAI, have already started to receive its state-of-the-art Blackwell AI chip. The movement will only increase, even if the company is still struggling to support the growing demand for this product.
The group also benefits from the initiatives of several Asian countries which are developing new supercomputers. This is particularly the case in India and Japan, where the government and certain companies are pursuing this objective.
The idea behind these technologies is to boost innovation in robotics, medicine, and many other sectors. In the short term, this is a real boon for Nvidia which is seeing its order books grow visibly.
With all this good news, one would have thought that the company’s stock was going to soar on the stock market this Wednesday. But the markets are decidedly indomitable, as the stock closed down around 2%.
What to remember:
- Nvidia posts record revenue up 94% year-on-year
- The Tech giant anticipates a further increase in the next quarter
- This success is mainly due to the rise of generative artificial intelligence
- The company is developing new chips dedicated to this technology
