Nvidia is about to be a hundred-billion-dollar-a-quarter company

The chip company made over $96 billion in the past quarter, most of it from its data center business. The chip company made over $96 billion in the past quarter, most of it from its data center business. Nvidia’s predicting it will pull in $108 billion in revenue within just a few months. It wouldn’t be the first company to rake in over $100 billion in quarterly revenue — Amazon, Apple, andAlphabethave repeatedly reached the milestone. Nvidia said in itslatest earnings reportthat it brought in a record $96.2 billion in overall revenue in the past quarter, a jump of over $10 billion from the previous quarter. Its data center revenue alone more than doubled year-over-year to a record $89 billion, and the company’s profits more than doubled to $59.7 billion. Nvidia’s “edge computing” category, whichincludes its consumer gaming business, accounted for just $7.2 billion of its revenue last quarter. That’s a 27 percent increase year-over-year, but Nvidiaacknowledgedthat it experienced “slower consumer PC sales that were tempered by elevated memory and systems prices.” Component shortages continue todrive up prices for Nvidia’s consumer GPUs, and it also warned ofprice hikes for its AI chipsahead of Wednesday’s earnings report. A free daily digest of the news that matters most. This is the title for the native ad