Fri Nov 22 03:50:00 UTC 2024: **NVIDIA Reports Record Revenue Driven by AI Boom**

**SANTA CLARA, Calif., Nov. 20, 2024** – NVIDIA (NASDAQ: NVDA) today announced record-breaking third-quarter revenue of $35.1 billion, a 17% increase quarter-over-quarter and a staggering 94% year-over-year jump. This surge is attributed to the rapidly expanding demand for AI technologies.

Earnings per diluted share reached $0.78 (GAAP) and $0.81 (non-GAAP), representing significant increases compared to the previous quarter and the same period last year. CEO Jensen Huang attributed the phenomenal growth to the burgeoning adoption of AI across industries and nations, highlighting the strong demand for NVIDIA’s Hopper and upcoming Blackwell processors. He noted a significant increase in investments in both enterprise AI and industrial robotics powered by AI advancements.

The company declared a quarterly cash dividend of $0.01 per share, payable on December 27, 2024. A conference call with analysts to discuss the results is scheduled for 2 p.m. Pacific Time today. Further details, including CFO commentary, are available on the NVIDIA investor relations website. The company’s outlook for the fourth quarter remains positive, though subject to market conditions and other factors. The full financial report, including the reconciliation of GAAP and non-GAAP measures, is available online.

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