Nvidia Beats TSMC and Intel To Take Top Chip Industry Revenue Crown For the First Time

Nvidia has swung from fourth to first place in an assessment of chip industry revenue published today. From a report: Taipei-based financial analyst Dan Nystedt noted that the green team took the revenue crown from contract chip-making titan TSMC as Q3 financials came into view. Those keeping an eye on the world of investing and finance will have seen our report about Nvidia's earnings explosion, evidenced by the firm's publishing of its Q3 FY23 results. Nvidia charted an amazing performance, with a headlining $18.12 billion in revenue for the quarter, up 206% year-over-year (YoY). The firm's profits were also through the roof, and Nystedt posted a graph showing Nvidia elbowed past its chip industry rivals by this metric in Q3 2023, too. Nvidia's advance is supported by multiple highly successful operating segments, which have provided a multiplicative effect on its revenue and income. Again, we saw clear evidence of a seismic shift in revenue, with the latest set of financials shared with investors earlier this week.

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