Nvidia Corp.'s Net Profit Soars Past Intel and AMD Combined Sales Amidst AI Chip Boom

Overview

Nvidia Corp. reported $77.1 billion in net profit for the first nine months of its fiscal year, significantly exceeding the combined net sales of its rivals Intel Corp. ($39.3 billion) and Advanced Micro Devices Inc. ($18.1 billion). This performance is driven by immense demand for its Artificial Intelligence Graphic Processing Units.