TECH - Nvidia On Track To Topple Samsung Intel As Biggest Chipmaker By Revenue; Will The Momentum Continue In 2024? | Benzinga
Nvidia Corp. (NASDAQ:NVDA) has had a stellar year as it benefited immensely from the wide adoption of artificial intelligence technology. The company is well on track to finish 2023 as the biggest chipmaker by revenue, a new report said on Sunday.
What Happened: Nvidia is on the cusp of sneaking past biggies such as Intel Corp. (NASDAQ:INTC) and South Korean chip giant Samsung in terms of revenue, Nikkei said in the report.
Santa Clara, California-based Nvidia reported revenue of $38.82 million for the nine months ending Oct. 29, 2023, up about 85% year-over-year. According to Benzinga Pro data, the consensus estimate for the fourth quarter is $20.04 billion.
Based on the fourth-quarter consensus estimate, Nvidia is on track to record revenue of $58.86 billion for the full year 2023, up 118% from the year-ago period.
In comparison, Intel’s full-year ...