Gaming powerhouse NVIDIA raked in record results as revenues were up 50% year-over-year for 3Q21 to $7.1 billion.
“The third quarter was outstanding, with record revenue,” said Jensen Huang, founder and CEO of NVIDIA. “Demand for NVIDIA AI is surging, driven by hyperscale and cloud scale-out, and broadening adoption by more than 25,000 companies. NVIDIA RTX has reinvented computer graphics with ray tracing and AI, and is the ideal upgrade for the large, growing market of gamers and creators, as well as designers and professionals building home workstations.”
NVIDIA’s gains underscore the increasing importance of its data visualization and AI technologies outside of gaming, such as supply-chain logistics, cybersecurity, natural language processing, quantum computing research, self-driving cars, climate science and digital biology.
The company revealed plans this week to build Earth-2, the world’s most powerful supercomputer dedicated to predicting climate change. A second key area of innovation is the company’s Omniverse, a platform for 3D design collaboration and reality simulation, which the company plans to use for creating digital twins of factories, processing plants and cities.
Most revenue came from gaming, up 42% to $3.22 billion and its data center component, up 55% to 2.94 billion. Fastest growth was in professional visualization which was up 144% to $577 million.