Meanwhile, chip-making equipment supplier Applied Materials Inc (AMAT.O) also posted record quarterly revenue on Wednesday, driven by customers including Samsung Electronics (005930.KS) and Taiwan Semiconductor Manufacturing Company. 'In all these different applications, we intend to bring the full spectrum of Nvidia's accelerated computing platform to Nvidia Arm CPUs.' 'We're just thrilled that Arm is now growing into robotics and autonomous vehicles and cloud computing and super computing,' said Huang. It is a licensee of the technology, and Nvidia aims to make Arm-based CPUs, the traditional brains of computers, to complement the graphics processors for which it is known. Huang told analysts on the earnings call that Nvidia nevertheless is moving ahead in using the Arm architecture in its products. The results come on the heels of SoftBank Group Corp's (9984.T) collapsed deal to sell chip designer Arm to Nvidia due to regulatory hurdles. Gross margin in the fourth quarter remained unchanged at 67.0% from the previous quarter.

Our most recent industry check does indicate a significant weakness in crypto-mining demand,' said KinNgai Chan, analyst at Summit Insights Group.Ĭhan also said he was disappointed that Nvidia's gross margin did not rise in the fourth quarter from the third, despite the data center business outgrowing other units. 'A meaningful part of its gaming sales do include crypto-mining which we think could be volatile. Fourth-quarter gaming revenue was a record $3.42 billion, up 37% from a year ago. 30, and only $24 million in the fourth quarter. Still, the company said it sold $550 million in crypto-specific cards in fiscal 2022 ended Jan.

Its net income rose to about $3 billion in the fourth quarter from $2.46 billion a year earlier. Nvidia reported fourth-quarter revenue of $7.64 billion, a record, compared with estimates of $7.42 billion. With tech firms venturing into the 'metaverse' and a spike in demand for data centers, revenue is surging for Nvidia, the world's largest maker of graphic and artificial intelligence chips, and for other chip makers. Register now for FREE unlimited access to RegisterĬhief Executive Jensen Huang also told analysts on a call that business was constrained by supply but he expected that to improve.

Nvda earnings disappoint