Fun

News Feed - 2023-11-23 02:11:00

Tristan Greene6 hours agoNvidia posts record $18B Q3 revenue, cites generative AI as primary driverThe company posted its record quarter just days after Nvidia stock achieved an all-time high.1056 Total views17 Total sharesListen to article 0:00NewsJoin us on social networksNvidia announced third-quarter revenue for 2023 of $18.12 billion, a company record, with the firm’s market cap now reaching $1.22 trillion.


The better-than-expected earnings follow a 12-month growth trend, during which the company saw earnings increase by 34% over the last quarter and 206% over Q3 2022.


While the company beat estimates, the strong quarter likely didn’t surprise investors or shareholders, as the company’s stock recently spiked to an all-time high of $499.60 per share.


Nvidia founder and CEO Jensen Huang credited the growth to artificial intelligence (AI) hardware sales:“Our strong growth reflects the broad industry platform transition from general-purpose to accelerated computing and generative AI of NVIDIA.”


He continued, mentioning that AI startups, consumer internet companies and cloud service providers were the “first movers,” adding that “the next waves are starting to build.”


The record quarter comes at a transitional time for both the company — which is headquartered in Santa Clara, California — and the global chip market.


Related:How an ‘internet of AIs’ will take artificial intelligence to the next level


The United States recently issued a partial ban on chip exports to several countries, including China. Over the past several quarters, approximately 20%–25% of the company’s data center revenue has come from the Chinese market.


Nvidia’s most recently disclosed data center revenue of $14.51 billion indicates that as much as $3.6 billion in Q3 earnings may be attributable to sales in China.


During a call to discuss the Q3 earnings, the company’s chief financial officer, Colette Kress, told shareholders that the export ban would cause its business in China to “decline significantly” in the fourth quarter. However, Kress added that the company believes those losses will be “more than offset by strong growth in other regions.”# NVidia# Business# AIAdd reactionAdd reactionRead moreCan blockchain supply the guardrails to keep AI on course?Spot Bitcoin ETF: Why this time is differentMicrosoft enters $100M partnership with Canadian firm after quantum breakthrough

News Feed

Eidoo Burns 28 Million $EDO in Preparation for Governance Token Upgrade on June 18th
Eidoo Burns 28 Million $EDO in Preparation for Governance Token Upgrade on June 18thSwitzerland, 11th June 2020. Swiss-based crypto platform Eidoo has today burned almost one third
Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 Ahead of FOMC Meeting
Bitcoin, Ethereum Technical Analysis: BTC Back Above $19,000 Ahead of FOMC Meeting Bitcoin was trading marginally higher ahead of Wednesday’s United States FOMC meeting, whe
Tokenized asset market could hit $16T on public blockchains — RippleX VP
Gareth Jenkinson14 hours agoTokenized asset market could hit $16T on public blockchains — RippleX VPInstitutional investors, asset managers and banks are racing to bring financial assets on-chain in a market estimated
SEC is attempting to classify Ether as a security: Report
Turner Wright5 hours agoSEC is attempting to classify Ether as a security: ReportSeveral U.S.-based companies reportedly received subpoenas from the SEC related to attempts to label Ether as a security.4100 Total views8
Trump Coin Accused Of 100% Grift, Says YouTuber Coffeezilla
Este artículo también está disponible en español. The latest meme coin launch by incoming US President Donald Trump seems to have upset the cryptocurrency industry with s
Tristan Greene2 hours agoTwitter receives money transmitter licenses in three US statesMichigan, Missouri and New Hampshire have granted money transmitter licenses to Twitter Payments LLC, leaving 47 U.S. states yet to w
Martin Young3 hours agoSwyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scamsAustralian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear mar
Bitcoin miner Bitfarms purchases additional 51,908 ASICs amid bull market
Zhiyuan Sun8 hours agoBitcoin miner Bitfarms purchases additional 51,908 ASICs amid bull marketThe price of Bitcoin has reached an all-time high above $72,000.6156 Total views7 Total sharesListen to article 0:00NewsOwn t
Turner Wright4 hours agoLawyer questions Sam Bankman-Fried on his political donations at trialThe former FTX CEO reportedly said the donations made in his name came from “loans from Alameda Research” as part of effor
Bitcoin dominance hits 3-year high as BTC price dip pressures altcoins
William Suberg7 hours agoBitcoin dominance hits 3-year high as BTC price dip pressures altcoinsBitcoin scores an accidental multi-year high as BTC price volatility sends altcoins shooting lower.9343 Total views53 Total s
Ethereum Breaks Barriers, Targets $6K Amid Record ETF, TVL Activity
Este artículo también está disponible en español. The increasing prominence of Ethereum is once again in the spotlight, as recent data indicates a substantial inflow of f
London’s ‘Joe Rogan’ and crypto advocate Brian Rose makes bid for mayor
Robert D. Knight10 hours agoLondon’s ‘Joe Rogan’ and crypto advocate Brian Rose makes bid for mayorThe former Wall Street and City of London banker is making his second bid to become mayor of London.4369 Total view