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NVIDIA is the Fastest Growing Chipmaker of 2023, as Intel and AMD Report Hefty Drops

This year has been exceptional for NVIDIA. After multiple quarters of stagnation due to oversupply and underdemand, Jensen Huang has successfully led his company into the trillion-dollar club. NVIDIA is the only semiconductor company with a market cap of over $1 trillion, next to Apple, Microsoft, Google, and Amazon. Team Green started its recovery in the fourth quarter of 2022, going from being the 10th to the third largest semiconductor company in just three quarters.

NVIDIA’s Q2 2023 earnings reflected a growth of 47.5% quarter-on-quarter and 51.7% year-on-year. Qualcomm and Broadcom reported negative figures, as did Intel and Samsung. The latter, in particular, saw a yearly drop of 53.4% in revenue, while Intel reported its first quarterly gains in quite some time.

SK Hynix did better than the previous quarter but still reported a massive 50.6% drop in revenue over last year. AMD remained stagnant, with a flat quarter and a year-on-year decline of 18.2%.

NVIDIA was by far the largest driving force behind the semiconductor industry’s recovery, with none of its rivals even reporting a yearly growth equal to half its numbers. With the AI and machine learning scene heating up, Team Green’s fortunes are expected to grow even further in the coming quarters.

Source: Omdia.

Areej Syed

Processors, PC gaming, and the past. I have been writing about computer hardware for over seven years with more than 5000 published articles. Started off during engineering college and haven't stopped since. Mass Effect, Dragon Age, Divinity, Torment, Baldur's Gate and so much more... Contact: areejs12@hardwaretimes.com.
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