1 day Ago By Paul Thurrott
Nvidia reported that it earned a net income of $19.3 billion on revenues of $35 billion in the quarter ending October 27, 2024. Those figures represent gains of 109 percent and 94 percent, year-over-year (YOY), respectively.
Which is rather amazing, but also a dramatic drop-off from the gains of recent quarters. “The age of AI is in full steam, propelling a global shift to Nvidia computing,” . “AI is transforming every industry, company, and country.
Enterprises are adopting agentic AI to revolutionize workflows. Industrial robotics investments are surging with breakthroughs in physical AI. And countries have awakened to the importance of developing their national AI and infrastructure.
” Sign up for our new free newsletter to get three time-saving tips each Friday — get free copies of Paul Thurrott's Windows 11 and Windows 10 Field Guides (normally $9.99) as a special welcome gift! Nvidia reported that its Data Center revenues were $30.8 billion, a record, and up 112 percent YOY.
Gaming and PC added $3.3 billion in revenues, up 15 percent YOY. Professional Visualization added $486 million, up 17 percent YOY, while Automotive and Robotics added $$449 million, up 72 percent YOY.
Nvidia shares fell 2 percent in after-hours trading, primarily because it isn’t maintaining the 200+ percent growth it reported over the past year, not that that was ever sustainable. In the good news department, Nvidia’s estimates for the current quarter beat expectations. Paul Thurrott is an award-winning technology journalist and blogger with 30 years of industry experience and the author of 30 books.
He is the owner of and the host of three tech podcasts: with Leo Laporte and Richard Campbell, , and with Brad Sams. He was formerly the senior technology analyst at Windows IT Pro and the creator of the SuperSite for Windows from 1999 to 2014 and the Major Domo of Thurrott.com while at BWW Media Group from 2015 to 2023.
You can reach Paul via , or . Join the crowd where the love of tech is real - become a Thurrott Premium Member today! Sign up for our new free newsletter to get three time-saving tips each Friday.
