Nvidia clobbers Q3 projections

Revenue rose a stunning 205% over the prior year to $18 billion, and the company is projecting higher for the next quarter.

November 22, 2023

Andy Patrizio

Nvidia trounces even the most optimistic of expectations with its third-quarter numbers but warns that restrictions in sales to China may impact future earnings. What do we think? Something not getting a lot of attention is Nvidia’s networking business. On the latest earnings call, CFO Colette Kress said networking is a $10 billion per year business (annualized), and the company just announced new high-speed networking specifically for generative AI. So, it looks like the Mellanox gamble has paid off. At some point, this gravy train is going to end. The question is when. On the earnings call with analysts, founder/CEO

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Nvidia clobbers Q3 projections

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