- Bay Area Times
- Posts
- NVIDIA's revenue +94% to $35.1B, net income +109% to $19.3B, as AI chip boom continues
NVIDIA's revenue +94% to $35.1B, net income +109% to $19.3B, as AI chip boom continues
Bay Area Times
November 21, 2024
Brought to you by:
Top stories today:
- NVIDIA's revenue +94% to $35.1B, as AI chip boom continues
- DOJ asks court to force Google to sell Chrome, restrict Android
- FTX co-founder Wang gets no jail time over crypto fraud
- xAI said to have raised $5B at $50B, with $100M annualized revenue
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of the few hallucinations):
1. NVIDIA’s revenue +94% to $35.1B, net income +109% to $19.3B, as AI chip boom continues
Q2: revenue was +122% to $30.0B, net income +168% to $16.6B.
Guidance of $37.5B in revenue for the next quarter, vs. $37.1B in estimates.
13K samples of Blackwell chip have been shipped to customers, NVIDIA CFO said.
NVIDIA stock was -1% to $144.16 ($3.61T market cap) after the bell.
Named by Deloitte as the fastest-growing software company last year1, this company turned the smartphone on its head and has:
Helped customers earn and save $325M+
Acquired users throughout 170+ countries
They’ve recently reserved their ticker on the Nasdaq ($MODE) and today is the last full day to invest at their current price!
Disclaimer:
1The rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A Offering. A reservation of the ticker symbol is not a guarantee that we will be listed on the NASDAQ. Any IPO timing is unknown, general steps to be accepted have not been undertaken at this point, and that listing is not guaranteed.
3. DOJ asks court to force Google to sell Chrome, restrict Android from favoring search engine
Google is also recommended to be barred from exclusionary deals with Apple and Samsung.
This approach would “jeopardize America’s global economic and technological leadership at precisely the moment it’s needed most,” Google said.
The breakup is unlikely, but access to other search engines may be given.
4. FTX co-founder Wang gets no jail time over crypto fraud
