NVIDIA Rides AI Chip Boom To Another Monster Quarter Doubling Earnings

When PC gaming saw a resurgence, NVIDIA made bank. Then when cryptocurrency mining on GPUs became a popular thing, NVIDIA made more bank. And now? NVIDIA is riding the next wave in tech, which is artificial intelligence, to its biggest earnings ever at $35.08 billion in revenue for yet another record quarter bolstered by its data center division. That's a remarkable 17% jump sequentially and close to double (94%) the revenue NVIDIA generated a year ago ($18.1 billion).

NVIDIA Blackwell superchip

During an earnings call, NVIDIA's Chief Financial Officer and Executive Vice President, Colette Kress, said demand for Hopper is "exceptional" with sales increasing "significantly" last quarter. Kress also reiterated Huang's statement in saying that "Blackwell is in full production after a successfully executed change," noting that NVIDIA has shipped 13,000 GPU samples to customers in the third quarter. That includes ...