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There’s a generative AI rocket under Nvidia.

The company’s Q3 2024 earnings reveal $18.12 billion in revenue for the quarter, with $14.51 billion from its data center business as the world’s AI companies jockey for Nvidia’s chips. That overall revenue number is a 206 percent jump from last year and marks a continuing growth trend for the company.

It also noted China and other areas make up 20 – 25 percent of its chip sales, which new US export restrictions will cut into soon; however, the decline should be “more than offset” by growing sales to other regions.

Nvidia’s Q3 2024 earnings chart comparing its earnings for the last several quarters.
Nvidia’s earnings presentation chart says there’s no business like AI business.
Image: Nvidia