Net profit stood at $19.3 billion, according to a company press release published on Wednesday, a figure more than doubled over one year (+109%).
The American semiconductor champion Nvidia has once again largely exceeded expectations for its delayed third quarter and says it anticipates continued strong growth for the last three months of the financial year.
Net profit stood at $19.3 billion, according to a company press release published Wednesday, a figure more than doubled over one year (+109%) and well above the $17.4 billion projected by analysts. according to a consensus established by FactSet. These results were eagerly awaited by Wall Street, because the Californian group is considered the standard-bearer of the generative artificial intelligence (AI) revolution.
Nvidia is, in fact, by far the largest producer of so-called GPU (graphics processing unit) chips, also called graphics cards, which are considered essential to the development of generative AI. “The AI era is in full swing, driving a global movement toward Nvidia products”commented general manager Jensen Huang, quoted in the press release. “The demand is incredible for the Hopper and the wait for the Blackwell, whose production is at cruising speed”he added. “AI is transforming all industries, societies and countries.”
“The most powerful chip in the world”
The Hopper is a family of microprocessors that includes the H100, the firm's flagship product, by far the most popular in the sector and worth several tens of thousands of dollars each. In mid-March, Nvidia presented the Blackwell, a family of GPUs that are successors to the H100. “The most powerful chip in the world”according to the company, should be marketed in the coming months.
Turnover for this delayed quarter, completed at the end of October, reached $35.1 billion, up 94% year-on-year. For the last quarter of its financial year, Nvidia expects revenues to increase by 70%. Despite this pace of progress, the publication of the Santa Clara (California) company was received with reservation. The title lost 1.71% in electronic trading after the close on Wall Street.
