AI fervour also swept through Singapore last week as Nvidia made the headlines. The city-state reportedly contributed to 15% of the company’s total revenue of US$18.12 billion ($24.3 billion). This positions Singapore as the fourth-largest market for Nvidia’s chips, following the US, China (including Hong Kong) and Taiwan.
Two weeks ago, market darling Nvidia showcased a remarkable 12-fold y-o-y surge in its 3QFY2023 ended October earnings, positioning itself as a prominent player in AI technology.
Revenue for the quarter saw a 206% y-o-y increase, reaching US$18.12 billion. The stellar results significantly contributed to Nvidia’s staggering ytd share price growth of about 320%, solidifying its status as the most sought-after tech stock in the current market.
