Microchips are considered the oil of the 21st century. And at the American manufacturer Nvidia, profits are literally bubbling. The company's sales tripled in the third quarter compared to the same period last year, totaling 18.1 billion US dollars (16.6 billion euros), Nvidia announced on Tuesday evening (local time) in San Francisco. Profit was $9.2 billion - more than thirteen times the previous year's figure.
Nvidia supplies the microchips necessary for artificial intelligence (AI). The company does not produce chips itself, but rather develops them and outsources manufacturing to other companies. At the end of May, Nvidia had already reached a market value of more than a trillion dollars.
The latest figures from the American manufacturer Nvidia show that microchips continue to have an enormous economic impact. With revenue growing three-fold and profits more than thirteen times higher than last year, Nvidia is a prime example of the growth opportunities in the microchip industry. The fact that the company does not produce its own chips, but instead outsources manufacturing to other companies, underlines the importance of the entire supply chain in this sector.
These developments also have an impact on the global market. Strong growth in the microchip industry may lead to increased demand for other raw materials and services needed for the production and use of microchips. Furthermore, a strong player like Nvidia could have an impact on the prices and availability of microchips in the global market.
With regard to the financial sector, such growth figures could lead to investors investing more in technology companies and the microchip industry. This, in turn, could lead to increased capitalization and volatility on the stock markets.
Overall, Nvidia's success story shows that the microchip industry is a driving force in the 21st century economy and continues to offer impressive growth opportunities.
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