Chip industry US chip manufacturer Nvidia continues to benefit strongly from the AI boom

The US chip manufacturer Nvidia has exceeded expectations: In the third quarter, it posted a net profit of 19.3 billion dollars - more than twice as much as in the same quarter last year (up 109 percent) and above the forecast 17.4 billion dollars.

At the beginning of November, Nvidia once again became the most valuable company in the world. Its market capitalization currently stands at 3.61 trillion dollars. The previous number one, Apple, is currently valued at 3.45 trillion dollars.

Nvidia chips have become the key technology for artificial intelligence. Nvidia's chip systems are used around the world for training applications with artificial intelligence. Heavyweights such as Google or the Facebook group Meta fill entire data centers with them - but AI start-ups such as the ChatGPT inventor company OpenAI also rely on them. This key position means that Nvidia's business continues to grow.

Nvidia's revenue from data center technology shot up by 112 percent year-on-year to 30.8 billion dollars. This exceeded analysts' expectations.

Nvidia plans to launch the first systems with the new "Blackwell" chip on the market in the current quarter. At the same time, the company admitted that demand for both "Blackwell" processors and the current generation called "Hopper" will exceed supply for several quarters to come.

For the current quarter, Nvidia predicted a turnover of 37.5 billion dollars - with the caveat that it could be two percent higher or lower. This was roughly in line with market expectations.

SDA