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NVIDIA quarterly revenue skyrockets by 50%

Thanks to leadership in enthusiast GPUs, self-driving and AI technologies, NVIDIA revenues skyrocket by 50%
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Feb 10, 2017 2:54 am

NVIDIA is riding yet another record-breaking quarter, reporting a massive 50% in quarterly revenue for the second quarter in a row, beating analysts expectations yet again.

 

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NVIDIA continues to see strong demand for its GPUs and is seeing massive growth in areas like self-driving car technology, and AI. NVIDIA posted $1.9 billion in revenues, with $1.88 billion expected by analysts. NVIDIA's graphics business continues to grow, with $1.85 billion in revenue - an increase of 57%.

 

Analysts expected NVIDIA to hit $2.11 billion of revenue for the three-month period, but the company beat those expectations by hitting $2.17 billion - up from $1.4 billion last quarter.

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