Premium
Nvidia reports 94% revenue jump despite slower growth
Tired of ads? Enjoy an ad-free experience by signing up.
👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔‍♂️ A friendly human may check it before it goes live. More news here
·
Consumer Tech
·
News

Nvidia reports 94% revenue jump despite slower growth

Add TIA as a preferred source

Nvidia’s shares fluctuated Thursday after the company announced its third-quarter earnings.

The chipmaker reported a 94% revenue increase, reaching US$35.08 billion, which exceeded analysts’ projections of US$33.16 billion from LSEG.

The company also reported adjusted earnings per share at US$0.81

Despite these positive figures, Nvidia’s growth has slowed compared to previous quarters, when it saw a 122% rise in the second quarter.

Recent Nvidia developments

Timeline
21-Nov-2024 📉 Nvidia’s AI chip demand stays strong amid slower growth
  • Nvidia forecasts Q4 revenue growth slows.
  • Strong AI chip demand boosts data center investments.
19-Nov-2024 📊 Nvidia’s sales growth slows amid Blackwell chip delays
  • Nvidia’s Q3 sales rise 82.8% to $33.13B
  • Blackwell chip production delays may slow future growth
19-Nov-2024 🖥️ Nvidia, Google partner to advance tech for quantum computing
  • Nvidia collaborates with Google on quantum tech
  • Using Eos supercomputer to enhance quantum components
08-Nov-2024 📈 Nvidia’s valuation reaches $3.65t, surpassing Apple’s record
  • Nvidia reaches $3.65T market valuation.
  • Stock surge surpasses Apple’s record value.
04-Nov-2024 🛠️ Nvidia CEO asks SK Hynix to speed up new AI chip deliveries
  • Nvidia urges SK Hynix to expedite HBM4 supply.
  • Supply timeline advanced by six months to 2025.

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

Stay updated on the go with our mobile app.

Get latest insights with smoother, more personalized experience through TIA mobile app.