Nvidia has a record .305 billion quarter

Thanks to VR, gaming, deep learning, cloud, automotive and AMD snoozing  Nvidia has announced record revenues in the third quarter for fiscal 2016 as a few long play strategies are starting to work out. Nvidia is diversifying beyond PC gaming .  The third quarter of fiscal 2016 [not a typo ed.] is up 7 percent from $1.225 billion a year earlier. This shows a signs of growth across the market. GAAP operating income was $245 million, up 15 percent from a year ago. The revenue is up 13 percent from $1.153 billion in the previous quarter. Nvidia managed to grow to $264 million in net income which is an 846 percent up from $26 million profit from the last quarter. Net income was 42 percent higher when you compare it…


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