Nvidia Made Astonishing $18.1 Billion Revenue Last Quarter

Expert Verified By

Nvidia Is Unstoppable!

Nvidia has been on a winning streak since last year and has shown aggressive growth in the third quarter of Fiscal Year 2024, which ended on 29 October. It reported record revenues of $18.1 billion and net profits of $9.2 billion.

For a company that started picking up its pace over a year ago, these numbers are indeed astonishing. It has resulted in a gain of 1260 % and 206 % year-over-year, with revenues in the triple digits.

According to CEO and Founder Jensen Huang, the rapid expansion is a reflection of the industry’s wide platform shift from general-purpose to accelerated computing and generative artificial intelligence.

Nvidia GTC 2022

That being said, the continuous growth in a company like Nvidia does not come as a surprise. The largest division of Nvidia was once again its data center division, with record revenues of $14.51 billion, up 279% over the same quarter last year.

Meanwhile, revenues from its gaming division reached $2.86 billion, increasing 81% year over year. The Professional Visualization and Automotive industries trailed behind, generating revenues of $416 million and $261 million, respectively, representing an increase of 108% and 4%.

Nvidia has pulled some impressive numbers in the first three quarters of 2023. However, the upcoming quarter might tell a different story entirely, with U.S.-specific restrictions on China and some other Middle Eastern countries. That is going to play a major role in Nvidia’s overall revenue.

Still, the company is optimistic and hopes to make up for the lower sales through growth in other areas. Through incredible profits on H100 GPUs and projected revenue of $300 billion from AI, the company expects to compensate for these bans.

Additionally, it will continue to play a role in the gaming industry, recently confirming that it does not intend to become an AI-only business.

Was our article helpful? 👨‍💻

Thank you! Please share your positive feedback. 🔋

How could we improve this post? Please Help us. 😔

Gear Up For Latest News

Get exclusive gaming & tech news before it drops. Sign up today!

Join Our Community

Still having issues? Join the Tech4Gamers Forum for expert help and community support!

Latest News

Join Our Community

104,000FansLike
32,122FollowersFollow

Trending

Ubisoft Execs Say Assassin’s Creed Shadows Has Set The Bar For Their Future Games

Ubisoft boss says that Assassin's Creed Shadows launch was a defining moment, and it has set the bar for their future open-world games.

FromSoft Is Working On A Dark Souls 3 Remaster Planned For 2026, It’s Claimed

As per a notable media outlet, FromSoft is currently working on a Dark Souls 3 remaster, which will release in 2026.

Gabe Newell Urges Devs To Master AI Urgently or They Won’t Survive

In a new Q&A, Newell emphasized that people who understand and learn about AI will be more valuable in the long run than veteran programmers.

Over a Month In, Experts Warn Switch 2’s Performance and Visuals May Decline Over Time

After over a month of release, the Nintendo Switch 2 is being criticised yet again because it renders games at low res.

AVerMedia GO Streaming Series Verified for Nintendo Switch 2

AVerMedia’s GO Series now supports Nintendo Switch 2, offering plug-and-play capture, 100W GaN fast charging, and certified safety.