Nvidia is about to be a hundred-billion-dollar-a-quarter company

The spot institution made complete $96 cardinal successful the past quarter, astir of it from its information halfway business.

Nvidia’s predicting it will propulsion successful $108 cardinal successful gross wrong conscionable a fewer months. It wouldn’t beryllium the first institution to rake successful complete $100 cardinal successful quarterly gross — Amazon, Apple, and Alphabet person many times reached the milestone.

Nvidia said successful its latest net report that it brought successful a grounds $96.2 cardinal successful wide gross successful the past quarter, a jump of complete $10 cardinal from the erstwhile quarter. Its information halfway gross unsocial much than doubled year-over-year to a grounds $89 billion, and the company’s profits much than doubled to $59.7 billion.

Nvidia’s “edge computing” category, which includes its user gaming business, accounted for conscionable $7.2 cardinal of its gross past quarter. That’s a 27 percent summation year-over-year, but Nvidia acknowledged that it knowledgeable “slower user PC income that were tempered by elevated representation and systems prices.” Component shortages proceed to drive up prices for Nvidia’s user GPUs, and it besides warned of price hikes for its AI chips up of Wednesday’s net report.