Wccftech Aug 24 23
NVIDIA Predicts 170% Revenue Growth In Current Quarter After Massive Earnings Smash
wccftech.com/nvidia-predicts-170-revenue-growth-in-current-quarter-after-massive-earnings-smash/
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Key FactsNVIDIA Expects 170% Revenue Growth in Current Quarter After Impressive Earnings
Aug 24, 2023 · Reading time: ~30 sec.
Summary created with AI assistance · Source: wccftech.com
Summary created with AI assistance · Source: wccftech.com
- NVIDIA surpasses expectations with impressive $13.5 billion in revenue, representing an 88% sequential growth and 101% annual growth.
- The company has doubled its revenue compared to the year-ago quarter, and this strong performance comes purely from the data center division.
- Out of the $13.5 billion in revenue for the quarter, $10.3 billion comes from data centers, making NVIDIA more of an enterprise products provider than a GPU provider.
- The growth in the data center division surpasses the overall annual and sequential revenue growth, with figures growing by 141% sequentially and 171% annually.
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