In cursory: Nvidia reported record revenue of $vii.ten billion for the 3rd quarter catastrophe October 31, 2022. The figure represents a 50 percentage increase compared to the aforementioned flow a year ago, a 9 percent increment quarter over quarter, and well above Wall Street expectations of $6.81 billion.

Earnings per share were $1.17, compared to the $1.11 render that analysts were anticipating.

Nvidia said record revenue from its gaming, data center and professional visualization divisions was responsible for its impressive quarter. Gaming accounted for $3.22 billion of the record booty, an increase of 42 per centum yr over year. Nvidia'south data centre business, meanwhile, generated a salubrious $2.94 billion in acquirement, upwards 55 percent from the same period final year.

Shares in Nvidia are up more than than nine percent on the news as of writing, and the visitor'southward marketplace cap has crossed the $800 billion marking for the first time.

Looking ahead to the holiday quarter, Nvidia said it expects acquirement to be around $7.4 billion, plus or minus ii percent.

As nosotros've seen with others in the gaming space as of late, inventory shortages accept proven to be the biggest hurdle to even more impressive numbers.

Scalpers go along to scoop up hardware in droves, reselling items similar high-end video cards and game consoles on 3rd-party marketplaces for huge profits. Major retailers aren't helping the thing either, every bit some insist on continuing to only sell hardware online, making it fifty-fifty easier for scalpers' bots to do their job. Ongoing component shortages and logistics issues only compound the issue.