- Nvidia Reports Impressive Q3 Results.
- Export Restrictions Impact Nvidia’s Q4 Outlook.
- Nvidia Maintains Long-Term Optimism.
Nvidia’s fiscal third-quarter results exceeded expectations, with revenue soaring 206% year-over-year to $18.12 billion.
This strong performance was driven by surging demand for Nvidia’s data center products, which accounted for half of the company’s total revenue in the quarter. The gaming segment also contributed significantly, with revenue up 81% to $2.86 billion.
However, Nvidia’s outlook for the fiscal fourth quarter was tempered by export restrictions imposed by the U.S. government, which are expected to significantly reduce sales to China and other countries. The company is working to obtain licenses for sales of high-performance products to some clients in the Middle East and China, but it expects the impact of the restrictions to be “more than offset by strong growth in other regions.”
Despite the challenges posed by export restrictions, Nvidia remains optimistic about its long-term prospects. The company is continuing to invest in expanding its supply chain and developing new products, and it expects to maintain its dominant position in the market for AI accelerators.
Key Highlights:
- Nvidia’s revenue grew 206% year-over-year to $18.12 billion in the fiscal third quarter.
- Data center revenue totaled $14.51 billion, up 279%.
- Gaming revenue was $2.86 billion, up 81%.
- Nvidia expects $20 billion in revenue for the fiscal fourth quarter, implying nearly 231% revenue growth.
- Export restrictions are expected to significantly reduce sales to China and other countries.
- Nvidia is working to obtain licenses for sales of high-performance products to some clients in the Middle East and China.
- The company is continuing to invest in expanding its supply chain and developing new products.
- Nvidia expects to maintain its dominant position in the market for AI accelerators.
[embedpost slug=”/southgate-defends-using-foden-in-wide-position/”]
To stay informed about current events, please like our Facebook page https://www.facebook.com/BOLUrduNews/.
Follow us on Twitter https://twitter.com/bolnewsurdu01 and stay updated with the latest news.
Subscribe to our YouTube channel https://bit.ly/3Tv8a3P to watch news from Pakistan and around the world
