NVIDIA Announces Financial Results for Third Quarter Fiscal 2025
20/11/2024 21:20
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241120:nGNX2cMQ25&default-theme=true
* Record quarterly revenue of $35.1 billion, up 17% from Q2 and up 94% from a
year ago
* Record quarterly Data Center revenue of $30.8 billion, up 17% from Q2 and up
112% from a year ago
SANTA CLARA, Calif., Nov. 20, 2024 (GLOBE NEWSWIRE) -- NVIDIA (NASDAQ: NVDA)
today reported revenue for the third quarter ended October 27, 2024, of $35.1
billion, up 17% from the previous quarter and up 94% from a year ago.
For the quarter, GAAP earnings per diluted share was $0.78, up 16% from the
previous quarter and up 111% from a year ago. Non-GAAP earnings per diluted
share was $0.81, up 19% from the previous quarter and up 103% from a year ago.
“The age of AI is in full steam, propelling a global shift to NVIDIA
computing,” said Jensen Huang, founder and CEO of NVIDIA. “Demand for
Hopper and anticipation for Blackwell — in full production — are
incredible as foundation model makers scale pretraining, post-training and
inference.
“AI is transforming every industry, company and country. Enterprises are
adopting agentic AI to revolutionize workflows. Industrial robotics
investments are surging with breakthroughs in physical AI. And countries have
awakened to the importance of developing their national AI and
infrastructure,” he said.
NVIDIA will pay its next quarterly cash dividend of $0.01 per share on
December 27, 2024, to all shareholders of record on December 5, 2024.
Q3 Fiscal 2025 Summary
GAAP
($ in millions, except earnings per share) Q3 FY25 Q2 FY25 Q3 FY24 Q/Q Y/Y
Revenue $ 35,082 $ 30,040 $ 18,120 Up 17% Up 94%
Gross margin 74.6 % 75.1 % 74.0 % Down 0.5 pts Up 0.6 pts
Operating expenses $ 4,287 $ 3,932 $ 2,983 Up 9% Up 44%
Operating income $ 21,869 $ 18,642 $ 10,417 Up 17% Up 110%
Net income $ 19,309 $ 16,599 $ 9,243 Up 16% Up 109%
Diluted earnings per share* $ 0.78 $ 0.67 $ 0.37 Up 16% Up 111%
Non-GAAP
($ in millions, except earnings per share) Q3 FY25 Q2 FY25 Q3 FY24 Q/Q Y/Y
Revenue $ 35,082 $ 30,040 $ 18,120 Up 17% Up 94%
Gross margin 75.0 % 75.7 % 75.0 % Down 0.7 pts --
Operating expenses $ 3,046 $ 2,792 $ 2,026 Up 9% Up 50%
Operating income $ 23,276 $ 19,937 $ 11,557 Up 17% Up 101%
Net income $ 20,010 $ 16,952 $ 10,020 Up 18% Up 100%
Diluted earnings per share* $ 0.81 $ 0.68 $ 0.40 Up 19% Up 103%
*All per share amounts presented herein have been retroactively adjusted to
reflect the ten-for-one stock split, which was effective June 7, 2024.
Outlook
NVIDIA’s outlook for the fourth quarter of fiscal 2025 is as follows:
* Revenue is expected to be $37.5 billion, plus or minus 2%.
* GAAP and non-GAAP gross margins are expected to be 73.0% and 73.5%,
respectively, plus or minus 50 basis points.
* GAAP and non-GAAP operating expenses are expected to be approximately $4.8
billion and $3.4 billion, respectively.
* GAAP and non-GAAP other income and expense are expected to be an income of
approximately $400 million, excluding gains and losses from non-affiliated
investments and publicly-held equity securities.
* GAAP and non-GAAP tax rates are expected to be 16.5%, plus or minus 1%,
excluding any discrete items.
Highlights
NVIDIA achieved progress since its previous earnings announcement in these
areas:
Data Center
* Third-quarter revenue was a record $30.8 billion, up 17% from the previous
quarter and up 112% from a year ago.
* Announced the availability of NVIDIA Hopper H200-powered instances
(https://blogs.nvidia.com/blog/oracle-ai-data-processing/) in several cloud
services, including AWS, CoreWeave and Microsoft Azure, with Google Cloud and
Oracle Cloud Infrastructure coming soon.
* Launched Denmark’s largest sovereign AI supercomputer
(https://blogs.nvidia.com/blog/denmark-sovereign-ai-supercomputer/), an
NVIDIA® DGX SuperPOD™ driven by 1,528 NVIDIA H100 Tensor Core GPUs and
interconnected using NVIDIA Quantum-2 InfiniBand networking.
* Introduced the NVIDIA AI Aerial
(https://blogs.nvidia.com/blog/ai-aerial-wireless-networks/) platform for
telecommunications providers and began working with T-Mobile, Ericsson and
Nokia to accelerate the commercialization of AI-RAN.
* Announced that SoftBank Corp. is building Japan’s most powerful AI
supercomputer with the NVIDIA Blackwell
(https://nvidianews.nvidia.com/news/nvidia-and-softbank-accelerate-japans-journey-to-global-ai-powerhouse)
platform and has successfully piloted the world’s first combined AI and 5G
telecom network using NVIDIA AI Aerial
(https://www.nvidia.com/en-us/industries/telecommunications/ai-ran/).
* Revealed that cloud leaders in India,
(https://blogs.nvidia.com/blog/india-ai-infrastructure/) Japan
(https://nvidianews.nvidia.com/news/japan-cloud-leaders-build-nvidia-ai-infrastructure-to-transform-industries)
and Indonesia
(https://blogs.nvidia.com/blog/indonesia-tech-leaders-sovereign-ai/) are
building AI infrastructure with NVIDIA accelerated computing, while consulting
leaders (https://blogs.nvidia.com/blog/accelerating-india-ai-adoption/) are
helping speed AI adoption across industries with NVIDIA AI Enterprise
software.
* Accelerated xAI’s Colossus supercomputer cluster, using 100,000 NVIDIA
Hopper GPUs, with the NVIDIA Spectrum-X
(https://nvidianews.nvidia.com/news/spectrum-x-ethernet-networking-xai-colossus)™
Ethernet networking platform.
* Unveiled a partnership with Foxconn to build Taiwan’s fastest AI
supercomputer (https://blogs.nvidia.com/blog/foxconn-taiwan-blackwell/) with
NVIDIA Blackwell.
* Announced that Blackwell debuted on MLPerf Training
(https://blogs.nvidia.com/blog/mlperf-training-blackwell/), completed all
tests and delivered up to 2.2x performance gains on large language model
benchmarks.
* Contributed foundational elements of the NVIDIA Blackwell design
(https://nvidianews.nvidia.com/news/nvidia-contributes-blackwell-platform-design-to-open-hardware-ecosystem-accelerating-ai-infrastructure-innovation)
to the Open Compute Project and broadened NVIDIA Spectrum-X support for OCP
standards.
* Revealed that U.S. technology companies including Accenture, Deloitte and
Google Cloud are tapping NVIDIA AI software
(https://nvidianews.nvidia.com/news/us-technology-leaders-tap-nvidia-ai-software-to-transform-worlds-industries)
to create custom AI applications, transforming industries worldwide.
* Announced the expansion of a partnership with Lenovo
(https://blogs.nvidia.com/blog/nvidia-lenovo-tech-world/) to launch new hybrid
AI solutions and systems optimized to run NVIDIA AI Enterprise software.
Gaming and AI PC
* Third-quarter Gaming revenue was $3.3 billion, up 14% from the previous
quarter and up 15% from a year ago.
* Celebrated the 25(th) anniversary of GeForce® 256
(https://blogs.nvidia.com/blog/first-gpu-gaming-ai/), the world’s first GPU,
which marked a breakthrough for gaming and laid the foundation for an
AI-driven future.
* Demonstrated NVIDIA ACE and digital human technologies
(https://www.nvidia.com/en-us/geforce/news/mecha-break-nvidia-ace-nims-rtx-pc-laptop-games-apps/)
in Mecha BREAK, featuring the Minitron 4B model for better in-game character
responses, at Gamescom.
* Introduced 20 GeForce RTX and DLSS titles
(https://www.nvidia.com/en-us/geforce/news/600-rtx-games-apps-new-dlss-games-announced-gamescom-2024/),
including Indiana Jones and the Great Circle and Dragon Age: The Veilguard.
* Began shipping new RTX AI PCs
(https://www.nvidia.com/en-us/geforce/news/computex-2024-new-rtx-ai-laptops/)
with 321 AI trillion operations per second of performance from ASUS and MSI,
with Microsoft Copilot+ capabilities anticipated next quarter.
Professional Visualization
* Third-quarter revenue was $486 million, up 7% from the previous quarter and
up 17% from a year ago.
* Announced that Foxconn is using digital twins and industrial AI built on
NVIDIA Omniverse
(https://blogs.nvidia.com/blog/foxconn-blackwell-omniverse/)™ to bring
online faster three factories used to manufacture NVIDIA GB200 Grace Blackwell
Superchips.
* Revealed that leading industrial manufacturers in India
(https://blogs.nvidia.com/blog/india-manufacturers-digital-twins/), including
Reliance and Ola Motors, and Japan
(https://blogs.nvidia.com/blog/japan-innovators-physical-ai-omniverse/),
including Toyota, Yaskawa, and Seven and I Holdings, are using NVIDIA AI and
Omniverse to automate workflows and drive more efficient operations.
* Unveiled NVIDIA Holoscan for Media
(https://blogs.nvidia.com/blog/holoscan-for-media-availability/), an
AI-enabled, software-defined platform that allows live media and video
pipelines to run on the same infrastructure as AI, enhancing production
delivery.
Automotive and Robotics
* Third-quarter Automotive revenue was $449 million, up 30% from the previous
quarter and up 72% from a year ago.
* Revealed that Volvo
(https://blogs.nvidia.com/blog/volvo-cars-accelerated-computing-ai/) is
releasing a new electric SUV built on NVIDIA accelerated computing.
* Introduced Project GR00T
(https://blogs.nvidia.com/blog/robot-learning-humanoid-development/) AI and
simulation tools for robot learning and humanoid development, and new
generative AI tools and perception workflows for robotics developers.
* Announced that Japanese
(https://blogs.nvidia.com/blog/japan-innovators-physical-ai-omniverse/) and
Indian (https://blogs.nvidia.com/blog/india-robotics-nvidia/) companies
including Toyota and Ola Motors are using NVIDIA Isaac™ and Omniverse to
build the next wave of physical AI.
CFO Commentary
Commentary on the quarter by Colette Kress, NVIDIA’s executive vice
president and chief financial officer, is available at
https://investor.nvidia.com.
Conference Call and Webcast Information
NVIDIA will conduct a conference call with analysts and investors to discuss
its third quarter fiscal 2025 financial results and current financial
prospects today at 2 p.m. Pacific time (5 p.m. Eastern time). A live webcast
(listen-only mode) of the conference call will be accessible at NVIDIA’s
investor relations website, https://investor.nvidia.com. The webcast will be
recorded and available for replay until NVIDIA’s conference call to discuss
its financial results for its fourth quarter and fiscal 2025.
Non-GAAP Measures
To supplement NVIDIA’s condensed consolidated financial statements presented
in accordance with GAAP, the company uses non-GAAP measures of certain
components of financial performance. These non-GAAP measures include non-GAAP
gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP
operating income, non-GAAP other income (expense), net, non-GAAP net income,
non-GAAP net income, or earnings, per diluted share, and free cash flow. For
NVIDIA’s investors to be better able to compare its current results with
those of previous periods, the company has shown a reconciliation of GAAP to
non-GAAP financial measures. These reconciliations adjust the related GAAP
financial measures to exclude stock-based compensation expense,
acquisition-related and other costs, other, gains and losses from
non-affiliated investments and publicly-held equity securities, net, interest
expense related to amortization of debt discount, and the associated tax
impact of these items where applicable. Free cash flow is calculated as GAAP
net cash provided by operating activities less both purchases related to
property and equipment and intangible assets and principal payments on
property and equipment and intangible assets. NVIDIA believes the presentation
of its non-GAAP financial measures enhances the user’s overall understanding
of the company’s historical financial performance. The presentation of the
company’s non-GAAP financial measures is not meant to be considered in
isolation or as a substitute for the company’s financial results prepared in
accordance with GAAP, and the company’s non-GAAP measures may be different
from non-GAAP measures used by other companies.
NVIDIA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
October 27, October 29, October 27, October 29,
2024 2023 2024 2023
Revenue $ 35,082 $ 18,120 $ 91,166 $ 38,819
Cost of revenue 8,926 4,720 22,031 11,309
Gross profit 26,156 13,400 69,135 27,510
Operating expenses
Research and development 3,390 2,294 9,200 6,210
Sales, general and administrative 897 689 2,516 1,942
Total operating expenses 4,287 2,983 11,716 8,152
Operating Income 21,869 10,417 57,419 19,358
Interest income 472 234 1,275 572
Interest expense (61 ) (63 ) (186 ) (194 )
Other, net 36 (66 ) 301 (24 )
Other income (expense), net 447 105 1,390 354
Income before income tax 22,316 10,522 58,809 19,712
Income tax expense 3,007 1,279 8,020 2,237
Net income $ 19,309 $ 9,243 $ 50,789 $ 17,475
Net income per share (A):
Basic $ 0.79 $ 0.37 $ 2.07 $ 0.71
Diluted $ 0.78 $ 0.37 $ 2.04 $ 0.70
Weighted average shares used in per share computation (A):
Basic 24,533 24,680 24,577 24,700
Diluted 24,774 24,940 24,837 24,940
(A) Reflects a ten-for-one stock split on June 7, 2024.
NVIDIA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)
(Unaudited)
October 27, January 28,
2024 2024
ASSETS
Current assets:
Cash, cash equivalents and marketable securities $ 38,487 $ 25,984
Accounts receivable, net 17,693 9,999
Inventories 7,654 5,282
Prepaid expenses and other current assets 3,806 3,080
Total current assets 67,640 44,345
Property and equipment, net 5,343 3,914
Operating lease assets 1,755 1,346
Goodwill 4,724 4,430
Intangible assets, net 838 1,112
Deferred income tax assets 10,276 6,081
Other assets 5,437 4,500
Total assets $ 96,013 $ 65,728
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 5,353 $ 2,699
Accrued and other current liabilities 11,126 6,682
Short-term debt - 1,250
Total current liabilities 16,479 10,631
Long-term debt 8,462 8,459
Long-term operating lease liabilities 1,490 1,119
Other long-term liabilities 3,683 2,541
Total liabilities 30,114 22,750
Shareholders’ equity 65,899 42,978
Total liabilities and shareholders’ equity $ 96,013 $ 65,728
NVIDIA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
Three Months Ended Nine Months Ended
October 27, October 29, October 27, October 29,
2024 2023 2024 2023
Cash flows from operating activities:
Net income $ 19,309 $ 9,243 $ 50,789 $ 17,475
Adjustments to reconcile net income to net cash
provided by operating activities:
Stock-based compensation expense 1,252 979 3,416 2,555
Depreciation and amortization 478 372 1,321 1,121
(Gains) losses on investments in non-affiliated entities and publicly-held equity securities, net (37 ) 69 (302 ) 24
Deferred income taxes (602 ) (529 ) (3,879 ) (2,411 )
Other (79 ) (66 ) (365 ) (170 )
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable (3,561 ) (1,243 ) (7,694 ) (4,482 )
Inventories (978 ) (457 ) (2,357 ) 405
Prepaid expenses and other assets (714 ) 254 (726 ) (337 )
Accounts payable 1,689 461 2,490 1,250
Accrued and other current liabilities 606 (1,722 ) 3,918 953
Other long-term liabilities 266 (28 ) 849 208
Net cash provided by operating activities 17,629 7,333 47,460 16,591
Cash flows from investing activities:
Proceeds from maturities of marketable securities 1,386 2,891 9,485 8,001
Proceeds from sales of marketable securities 154 - 318 -
Purchases of marketable securities (4,518 ) (5,345 ) (19,565 ) (10,688 )
Purchase related to property and equipment and intangible assets (813 ) (278 ) (2,159 ) (815 )
Acquisitions, net of cash acquired (147 ) - (465 ) (83 )
Purchases of investments in non-affiliated entities (473 ) (441 ) (1,008 ) (897 )
Proceeds from sales of investments in non-affiliated entities 66 - 171 -
Other - 4 - 25
Net cash used in investing activities (4,345 ) (3,169 ) (13,223 ) (4,457 )
Cash flows from financing activities:
Proceeds related to employee stock plans 204 156 489 403
Payments related to repurchases of common stock (10,998 ) (3,806 ) (25,895 ) (6,874 )
Repayment of debt - - (1,250 ) (1,250 )
Payments related to tax on restricted stock units (1,680 ) (764 ) (5,068 ) (1,942 )
Dividends paid (245 ) (99 ) (589 ) (296 )
Principal payments on property and equipment and intangible assets (29 ) (13 ) (97 ) (44 )
Other - (1 ) - (1 )
Net cash used in financing activities (12,748 ) (4,527 ) (32,410 ) (10,004 )
Change in cash, cash equivalents, and restricted cash 536 (363 ) 1,827 2,130
Cash, cash equivalents, and restricted cash at beginning of period 8,571 5,882 7,280 3,389
Cash, cash equivalents, and restricted cash at end of period $ 9,107 $ 5,519 $ 9,107 $ 5,519
Supplemental disclosures of cash flow information:
Cash paid for income taxes, net $ 3,540 $ 4,348 $ 10,989 $ 4,676
NVIDIA CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, except per share data)
(Unaudited)
Three Months Ended Nine Months Ended
October 27, July 28, October 29, October 27, October 29,
2024 2024 2023 2024 2023
GAAP gross profit $ 26,156 $ 22,574 $ 13,400 $ 69,135 $ 27,510
GAAP gross margin 74.6 % 75.1 % 74.0 % 75.8 % 70.9 %
Acquisition-related and other costs (A) 116 118 119 355 358
Stock-based compensation expense (B) 50 40 38 125 96
Other (C) - (3 ) 26 (4 ) 36
Non-GAAP gross profit $ 26,322 $ 22,729 $ 13,583 $ 69,611 $ 28,000
Non-GAAP gross margin 75.0 % 75.7 % 75.0 % 76.4 % 72.1 %
GAAP operating expenses $ 4,287 $ 3,932 $ 2,983 $ 11,716 $ 8,152
Stock-based compensation expense (B) (1,202 ) (1,114 ) (941 ) (3,291 ) (2,459 )
Acquisition-related and other costs (A) (39 ) (26 ) (16 ) (86 ) (88 )
Other (C) - - - - 10
Non-GAAP operating expenses $ 3,046 $ 2,792 $ 2,026 $ 8,339 $ 5,615
GAAP operating income $ 21,869 $ 18,642 $ 10,417 $ 57,419 $ 19,358
Total impact of non-GAAP adjustments to operating income 1,407 1,295 1,140 3,853 3,027
Non-GAAP operating income $ 23,276 $ 19,937 $ 11,557 $ 61,272 $ 22,385
GAAP other income (expense), net $ 447 $ 572 $ 105 $ 1,390 $ 354
(Gains) losses from non-affiliated investments and publicly-held equity securities, net (37 ) (193 ) 69 (302 ) 23
Interest expense related to amortization of debt discount 1 1 1 3 3
Non-GAAP other income (expense), net $ 411 $ 380 $ 175 $ 1,091 $ 380
GAAP net income $ 19,309 $ 16,599 $ 9,243 $ 50,789 $ 17,475
Total pre-tax impact of non-GAAP adjustments 1,371 1,103 1,210 3,554 3,053
Income tax impact of non-GAAP adjustments (D) (670 ) (750 ) (433 ) (2,144 ) (1,055 )
Non-GAAP net income $ 20,010 $ 16,952 $ 10,020 $ 52,199 $ 19,473
Diluted net income per share (E)
GAAP $ 0.78 $ 0.67 $ 0.37 $ 2.04 $ 0.70
Non-GAAP $ 0.81 $ 0.68 $ 0.40 $ 2.10 $ 0.78
Weighted average shares used in diluted net income per share computation (E) 24,774 24,848 24,940 24,837 24,940
GAAP net cash provided by operating activities $ 17,629 $ 14,489 $ 7,333 $ 47,460 $ 16,591
Purchases related to property and equipment and intangible assets (813 ) (977 ) (278 ) (2,159 ) (815 )
Principal payments on property and equipment and intangible assets (29 ) (29 ) (13 ) (97 ) (44 )
Free cash flow $ 16,787 $ 13,483 $ 7,042 $ 45,204 $ 15,732
(A) Acquisition-related and other costs are comprised of amortization of intangible assets, transaction costs, and certain compensation charges and are included in the following line items:
Three Months Ended Nine Months Ended
October 27, July 28, October 29, October 27, October 29,
2024 2024 2023 2024 2023
Cost of revenue $ 116 $ 118 $ 119 $ 355 $ 358
Research and development $ 23 $ 17 $ 12 $ 52 $ 37
Sales, general and administrative $ 16 $ 9 $ 4 $ 34 $ 51
(B) Stock-based compensation consists of the following:
Three Months Ended Nine Months Ended
October 27, July 28, October 29, October 27, October 29,
2024 2024 2023 2024 2023
Cost of revenue $ 50 $ 40 $ 38 $ 125 $ 96
Research and development $ 910 $ 832 $ 701 $ 2,469 $ 1,826
Sales, general and administrative $ 292 $ 282 $ 240 $ 822 $ 633
(C) Other consists of IP-related costs and assets held for sale related adjustments
(D) Income tax impact of non-GAAP adjustments, including the recognition of excess tax benefits or deficiencies related to stock-based compensation under GAAP accounting standard (ASU 2016-09).
(E) Reflects a ten-for-one stock split on June 7, 2024
NVIDIA CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK
Q4 FY2025
Outlook
($ in millions)
GAAP gross margin 73.0 %
Impact of stock-based compensation expense, acquisition-related costs, and other costs 0.5 %
Non-GAAP gross margin 73.5 %
GAAP operating expenses $ 4,750
Stock-based compensation expense, acquisition-related costs, and other costs (1,350 )
Non-GAAP operating expenses $ 3,400
About NVIDIA
NVIDIA (https://www.nvidia.com/) (NASDAQ: NVDA) is the world leader in
accelerated computing.
For further information, contact:
Stewart Stecker Investor Relations NVIDIA Corporation sstecker@nvidia.com Mylene Mangalindan Corporate Communications NVIDIA Corporation mmangalindan@nvidia.com
Certain statements in this press release including, but not limited to,
statements as to: the age of AI in full steam, propelling a global shift to
NVIDIA computing; demand for Hopper and anticipation for Blackwell — in full
production — being incredible as foundation model makers scale pretraining,
post-training and inference; AI transforming every industry, company and
country; enterprises adopting agentic AI to revolutionize workflows;
industrial robotics investments surging with breakthroughs in physical AI;
countries awakening to the importance of developing their national AI and
infrastructure; NVIDIA’s next quarterly cash dividend; and NVIDIA’s
financial outlook and expected tax rates for the fourth quarter of fiscal 2025
are risks and uncertainties that could cause results to be materially
different than expectations. Important factors that could cause actual results
to differ materially include: global economic conditions; our reliance on
third parties to manufacture, assemble, package and test our products; the
impact of technological development and competition; development of new
products and technologies or enhancements to our existing product and
technologies; market acceptance of our products or our partners’ products;
design, manufacturing or software defects; changes in consumer preferences or
demands; changes in industry standards and interfaces; and unexpected loss of
performance of our products or technologies when integrated into systems, as
well as other factors detailed from time to time in the most recent reports
NVIDIA files with the Securities and Exchange Commission, or SEC, including,
but not limited to, its annual report on Form 10-K and quarterly reports on
Form 10-Q. Copies of reports filed with the SEC are posted on the company’s
website and are available from NVIDIA without charge. These forward-looking
statements are not guarantees of future performance and speak only as of the
date hereof, and, except as required by law, NVIDIA disclaims any obligation
to update these forward-looking statements to reflect future events or
circumstances.
© 2024 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo,
GeForce, NVIDIA DGX SuperPOD, NVIDIA Isaac, NVIDIA Omniverse and NVIDIA
Spectrum-X are trademarks and/or registered trademarks of NVIDIA Corporation
in the U.S. and/or other countries. Other company and product names may be
trademarks of the respective companies with which they are associated.
Features, pricing, availability and specifications are subject to change
without notice.
A photo accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/24a5522e-6258-4e72-9c8a-a57178db4b41
(https://www.globenewswire.com/NewsRoom/AttachmentNg/ad3b9553-6933-40b1-adfd-2ed199cd141c)
NVIDIA corporate headquarters
(https://www.globenewswire.com/NewsRoom/AttachmentNg/24a5522e-6258-4e72-9c8a-a57178db4b41/en)
NVIDIA corporate headquarters in Silicon Valley
GlobeNewswire, Inc. 2024
Recent news on NVIDIA
See all newsROI-Five AI quirks and conundrums to watch this earnings season: McGeever
Trading Day: Tech it away
Analog chipmaker Texas Instruments sees quarterly sales above estimates
Media: Nvidia marketing executive Laura Fay, who reported to CEO Jensen Huang, has retired after a decade- Business Insider
BlackRock adds robotics ETF to growing ranks of AI-themed products