2023-11-21 23:02:43
New York, Nov 21 (EFE).- The American processor manufacturer Nvidia announced this Tuesday that it has once once more multiplied its profits and turnover in the most recent quarter thanks to advances in artificial intelligence (AI), in which it plays a role. key as a chip supplier.
According to its results note, in the third quarter Nvidia multiplied its profit by thirteen, up to 9,243 million dollars (8,470 million euros), and its turnover by three, up to 18,120 million dollars, in both cases compared to the same figures. period last year.
“Our strong growth reflects the platform transition that is clearly occurring in the sector,” CEO Jensen Huang said in the statement, citing accelerated computing and generative AI as its drivers.
The figures exceed those of the second quarter, which were already explosive, and place the accumulated profit for the year at 17,475 million dollars, eight times more than in that period last year, and the accumulated turnover at 38,819 million (85% further).
By business areas, this quarter the Data Center continued to stand out, which is powered by companies that offer cloud infrastructure and internet entities, and had a turnover of 14.5 billion, 279% more year-on-year, achieving a record.
The other segments were far behind, but they also advanced: Gaming (Video Games) had a turnover of 2,860 million (81% more); Professional Visualization, related to graphics, 416 million (108% more), and Automotive, 261 million (4% more).
Wall Street was keeping a close eye on Nvidia, which is preparing to mass produce newly designed chips for Chinese customers in the face of new U.S. export controls on high-performance chips that can be used to create AI.
The company expected that in the fourth quarter its sales to China and other destinations affected by the controls would decrease, since they represent between 20 and 25% of the income of its Data Center, according to its managers, who hope to compensate it with sales in other regions.
In the last quarter of the year, Nvidia estimates that it will have revenues of 20 billion, which would be around triple compared to last year.
The results were above analysts’ expectations, but following the stock market closed, the shares fell nearly 1% in a first negative reaction.
Since the beginning of the year, the listed company has appreciated 241%, up to 1.25 trillion dollars.
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