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There’s a generative AI rocket under Nvidia.
The company’s Q3 2024 earnings reveal $18.12 billion in revenue for the quarter, with $14.51 billion from its data center business as the world’s AI companies jockey for Nvidia’s chips. That overall revenue number is a 206 percent jump from last year and marks a continuing growth trend for the company.
It also noted China and other areas make up 20 – 25 percent of its chip sales, which new US export restrictions will cut into soon; however, the decline should be “more than offset” by growing sales to other regions.
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