Nvidia: Semiconductor chips
commschool
"This popularity translated into record revenue of $18.1 billion, up 206% year-over-year, in the company's fiscal third quarter (ended Oct. 29). Nvidia expects its impressive revenue growth to extend into the fourth quarter, forecasting around $20 billion in sales, a massive jump from the prior year's $6 billion." - commschool
Nvidia experienced stellar revenue growth in 2023, and it’s well-positioned to continue that growth over the long term. That’s because its graphics processing units (GPUs) are a popular choice for computing systems running AI technology.
This popularity translated into record revenue of $18.1 billion, up 206% year-over-year, in the company’s fiscal third quarter (ended Oct. 29). Nvidia expects its impressive revenue growth to extend into the fourth quarter, forecasting around $20 billion in sales, a massive jump from the prior year’s $6 billion.
Revenue growth could decelerate in 2024 due to new U.S. government restrictions on AI-related semiconductor sales to China, which Nvidia already expects to impact Q4 sales. Even so, this is a short-term headwind.
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