Nvidia CFO Said Networking Now Exceeds $10B Annualized Revenue Run Rate; Software Support And Services On Track To $1B Annual Run Rate -Conf Call
Portfolio Pulse from Charles Gross
During Nvidia's conference call, the CFO announced that their networking segment has surpassed a $10 billion annualized revenue run rate. Additionally, the company's software support and services are projected to reach a $1 billion annual run rate.
November 21, 2023 | 10:21 pm
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POSITIVE IMPACT
Nvidia's networking business has achieved over $10 billion in annualized revenue, and its software support and services are expected to hit a $1 billion annual run rate.
The CFO's announcement of exceeding a $10 billion annualized revenue run rate in the networking segment and the projection of reaching a $1 billion run rate in software support and services indicate strong performance and growth in key areas of Nvidia's business. This positive news is likely to instill investor confidence and could lead to a short-term increase in Nvidia's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100