Profit was $26.4 billion, 59% up y-o-y.

China revenue for the quarter fell by 50% q-o-q and 25% y-o-y to $2.8 billion.

Datacentre sales were $41.1 billion.

Gaming sales were $4.29 billion.

Nvidia-Jensen-150x150.jpegAutomotive sales were $586 million.

The revenues forecast for the quarter ending in October is $54 billion not including sales in China. If Nvidia is allowed to sell its H20 chip to China then China sales could be worth between $3 billion and $5 billion in that quarter.

“We’re talking to the administration about the importance of American companies being able to address the Chinese market,” said CEO Jensen Huang (pictured) , “it is the second largest computing market in the world, and it is also the home of AI researchers – about 50% of the world’s AI researchers are in China. The vast majority of leading open source models are created in China. It’s fairly important for the American technology companies to be able to address that market.”

In the quarter to the end of July Nvidia sold $650 million worth of its China-specific H20 chips to a customer outside China.

CFO Colette Kress said AI infrastructure spending could be $3 trillion to $4 trillion by the end of the decade, with $600 billion spent so far this year.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved