News story:(Hardware) Nvidia Is Now Worth More Than IBM

in #pc7 years ago (edited)

So Nvidia making lot of money is no big news, I mean everybody knows it. Though nobody expected a semiconductor company to overtake a veteran giant like IBM. Yes, Nvidia has surpassed IBM in terms of overall market value. They're making 3bn USD per quarter of a year, 60% of it from their sales in gaming products especially GPUs and rest coming from datacenters. With stock reaching over 220 per share, over 20% growth of revenue within the last 7 quarters and Net income of 1.1bn USD in last quarter of 2017.

Yeah Nvidia's taking over the world for gaming and there's no stopping them now. Not even IBM.