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TaiwanPlus News
  • 11/21/2024
Nvidia's third-quarter earnings showed revenue had almost doubled over the previous year but its stock price fell slightly on the news.
Transcript
00:00U.S. chip designer NVIDIA has released its latest earnings report, showing solid growth
00:05but failing to impress investors.
00:08The California-based company reported third-quarter revenue of more than US$35 billion, nearly
00:14double the previous year's figure and up 17% from last quarter.
00:19Revenue was driven mostly by sales of AI chips for data centers.
00:24Despite the positive earnings report, shares in the world's most valuable company dropped,
00:28plunging 5% at one point, before mostly recovering.
00:33The company has faced supply chain issues due to the high demand and limited capacity
00:37of Taiwan's chipmaker TSMC, which manufactures NVIDIA's chips.

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