American chipmaker Nvidia announced a cumulative net profit of $50.789 million for the first nine months of its financial year, 190% more than the same period last year. In the third and final quarter, the leading company in Artificial Intelligence (AI) made profits of 19.309 million dollars (109% more year-on-year) thanks to record revenues of 35.082 million (94% more), according to a press release.
The company’s CEO, Jensen Huang, assured that “the era of AI (Artificial Intelligence) is advancing at full speed, propelling a global shift towards Nvidia computing”, highlighting the strong demand for its Hopper chips. and Blackwell, the latter still in development. production. Huang highlights the adoption of “agent” AI (a new wave of this technology that is more autonomous than generative) by businesses, saying that countries have realized “the importance of developing their AI and national infrastructure.”
Once again, Nvidia set a quarterly turnover record thanks to its main segment, the Data Center, which includes chips, and which raised around 30.7 billion, followed far behind by the video game segment, with 3.2 billion. In the earnings presentation, the company said this data center growth is driven by demand for the Hopper chip, which large technology companies use to train large language models, recommendation engines and AI applications. generative.
It also indicated that the first shipments of the Blackwell chip will occur in the current quarter and increase in the following months, but acknowledged that demand for its flagship chips will exceed supply for much of the year. next year. For the next quarter, Nvidia expects even higher revenue of 37.5 billion, but also an increase in operating expenses, which in the last period amounted to around 3 billion (44% of more) and are expected to reach 4.8 billion.
Nvidia, which has established itself as the world’s largest listed company, worth $3.5 trillion, reported earnings after Wall Street closed and its shares fell 1% in an initial market reaction , as analysts point out. that this is a reaction to Blackwell’s supply limitations.
