Nvidia Reports Doubling Revenue as Blackwell Chips Begin Shipping

Aug 28, 2024, 11:07 PM

Nvidia has reported more than doubling its revenue as it begins shipping samples of its next-generation Blackwell chips. CEO Jensen Huang stated that the company made significant changes to improve the yield of these chips, which are expected to generate several billion dollars in sales in the fourth quarter. Despite the revenue growth, Nvidia's quarterly report did not meet investor expectations. Huang noted that the company's growth indicates an improvement in supply, and highlighted that the Blackwell chips will be more energy-efficient.