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Podcast: One Thing Today in Tech
Episode: NVIDIA surges 3X on AI, but no word on Altman’s ghar waapsi as Microsoft readies office with Macs
Description: NVIDIA, which has a near monopoly on computer chips for AI applications, reported its fiscal third-quarter numbers yesterday that beat street expectations.Â
The semiconductor company’s Q3 revenues of $18.12 billion is a 206 percent year-on-year jump, reflecting the extent to which big tech companies are ramping up AI investments. Sales to the data centre segment, which accounted for 80 percent of the company’s Q3 revenues, was even more impressive, rising 279 percent.
Sales rose 34 percent sequentially over Q2, and data centre sales, 41 percent. NVIDIA expects this scorching growth to continue. Q4 revenues are expected to touch $20 billion, plus...