Nvidia earned over half of top chipmakers' profits in Q3

AI demand propels key players, but auto and smartphone chips face uncertainty

20241126N Nvidia

Nvidia reported a net profit of $19.3 billion in the third quarter, accounting for 63% of the total among 10 leading global semiconductor companies. © Reuters

RYO MUKANO, Nikkei staff writer

TOKYO -- Nvidia alone earned 63% of the combined third-quarter net profit of the world's 10 leading semiconductor companies, QUICK-FactSet data shows, amid growing demand tied to generative artificial intelligence.

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