California group specializing in chips dedicated to artificial intelligence has reached $1,820 billion in market capitalization. Its main customers, moreover, are none other than Amazon, Google and Microsoft via their cloud subsidiary.
For its third quarter ended in October, Nvidia recorded revenue of $18.1 billion, double the previous year. At more than $9.2 billion in three months, net income increased 13.5 times compared to last year. Nvidia, which beats analysts' expectations in each of its quarterly results, has seen its stock price multiplied by more than four since the end of 2022.