NVIDIA Reports Q3 Data Center Revenue $14.51B, Up 41% QoQ, Up 279% YoY
Portfolio Pulse from Benzinga Newsdesk
NVIDIA has reported a significant increase in its Q4 data center revenue, which reached $14.51 billion. This represents a 41% increase from the previous quarter and a 279% increase compared to the same period last year.
November 21, 2023 | 9:21 pm
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NVIDIA's Q4 earnings show a robust performance in data center revenue, indicating strong demand for its products and potential market share gains.
The substantial increase in NVIDIA's data center revenue suggests that the company is experiencing strong demand for its data center products. This is likely to be viewed positively by investors, as it indicates potential market share gains and robust financial health. The YoY growth of 279% is particularly noteworthy and could lead to increased investor confidence and a rise in stock price in the short term.
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