Nvidia’s Q3 2016 Profits Greatly Exceed Own Expectations Thanks To Gaming GPU Boost

Nvidia has comfortably surpassed its own expectations for the last quarter, posting record revenue for Q3 2016. A combination of the strong GeForce GTX 1050 and GeForce GTX 1050 Ti launches, and huge advances in AI and deep learning are cited for spurring the huge sales. “We have invested years of work and billions of dollars to advance deep learning,” said Nvidia CEO Jen-Hsun Huang. “Our GPU deep learning platform runs every AI framework, and is available in cloud services from Amazon, IBM, Microsoft and Alibaba, and in servers from every OEM. GPU deep learning has sparked a wave of innovations that will usher in the next era of computing.” Nvidia’s net income for the quarter was a very health $542 million from revenue of $2 billion. Team Green’s own…


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