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Briefing
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- Significant profit growth – Nvidia’s net profit grew 120% to $542 million in 2016Q3 from $246 million a year ago
- Growth in all lines – Experienced increased demand for all product lines with revenue from gaming chips rising 63% to $1.24 billion, data center chips for AI nearly tripling to $240 million and others such as virtual reality chips and self driving car GPUs also seeing growth
- AI computing – Saw revenue increase as companies involved in AI development such as Apple, Facebook and Microsoft build GPU-based systems for data centers with Nvidia’s latest GPU chips now 10x faster than previous generation
- Stock performance – Shares more than doubled since beginning of year, surpassing S&P 500s’ 6% rise
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Business Model and Practices
Business Model
and Practices
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Sector
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Information Technology, Media and Entertainment
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Organization
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Nvidia Corp.
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Source
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Original Publication Date
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November 10, 2016
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