BREAKINGVIEWS-Nvidia’s next move is to hit the road

Reuters02:52

BREAKINGVIEWS-Nvidia’s next move is to hit the road

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Robert Cyran

NEW YORK, Nov 22 (Reuters Breakingviews) - The $3.5 trln chipmaker gleans only 1% of sales from carmakers. Yet the unit grew 72% in the third quarter, a similar pace to rival Qualcomm. Stuffing silicon into cars could be a $140 bln market by 2028 and a crucial diversifier from relying on a few colossal data center buyers.

Full view will be published shortly.

Follow @rob_cyran on X

CONTEXT NEWS

Nvidia said on Nov. 20 that it generated automotive revenue of $449 million in the third quarter, an increase of 72% from the same period last year. Total revenue was $35 billion.

Qualcomm generated automotive revenue of $899 million when it reported quarterly results on Nov. 4, an increase of 68% from the same period a year ago. Total revenue was $10.2 billion.

Mobileye Global said on Oct. 31 that third-quarter revenue declined 8% from the same quarter a year ago, to $486 million.

(Editing by Jonathan Guilford and Pranav Kiran)

((For previous columns by the author, Reuters customers can click on CYRAN/robert.cyran@thomsonreuters.com))

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