NVIDIA recently unveiled the company’s third-quarter financial results for 2021. The organization was able to easily beat top and bottom line analyst predictions after the company reported revenue increased by 50% year-over-year.
According to Bloomberg, revenues were $7.1 billion as opposed to the expected $6.8 billion. Gaming revenue exceeded expectations by $40 million. Meanwhile, data center revenues beat estimates by roughly $250 million.
“The third quarter was outstanding, with record revenue,” Nvidia CEO Jensen Huang said in a statement. “Demand for NVIDIA AI is surging, driven by hyper-scale and cloud scale-out, and broadening adoption by more than 25,000 companies. NVIDIA RTX has reinvented computer graphics with ray tracing and AI, and is the ideal upgrade for the large, growing market of gamers and creators, as well as designers and professionals building home workstations.”
The good news didn’t end there though. Following the release of this information, the organization’s stock reportedly increased in value by 3% on November 17th, the day this announcement was made.
(All information was provided by Yahoo! News)
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