Nvidia’s revenues soared by 206% to $18.12 billion in the third fiscal quarter ended on October 29 last year on a yearly basis, surpassing analysts’ expectations of $16.18 billion.
The company’s net revenues reached $9.24 billion, equivalent to $3.71 per share, an increase of $680 million, or 27 cents per share, in the same period in 2022.
Qualcomm has decided to expand into the computer sector after achieving great success in the smartphone industry.
Nvidia’s revenues from data centers surged to around $14.51 billion, a 279% increase from the previous year, surpassing analysts’ expectations of $12.97 billion.
Nvidia is expected to achieve revenues of around $20 billion in the fourth fiscal quarter with a growth rate of 231% compared to the previous year, as the company’s stocks have risen by 241% since the beginning of 2023.
