On November 16, Nvidia reported its third-quarter financial results for the fiscal year 2023 (07/2022-10/22) It reported a revenue of US$5.93 billion, a 17% YoY decrease, and a 12% QoQ decrease. The data center sector performed well, reporting a 31% increase and a 1% increase. The company has announced multi-year partnerships with Microsoft and Oracle. The former is to help train, deploy and scale AI through Microsoft Azure, while the latter is for Oracle’s cloud infrastructure. Nvidia expected its revenue to be around US$ 6 billion, with a gross margin of around 63.2% in fourth quarter of FY23, with the fourth quarter expected to be . . .
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