NVIDIA Overtakes AMD with Billion Annual Revenue

How NVIDIA Did It: Understanding a Record-Breaking Fiscal 2016 (Part 2 of 5) NVIDIA Overtakes AMD with $5 Billion Annual Revenue By Paige Tanner  • Feb 19, 2016 5:32 pm EST NVIDIA surpasses $5 billion in annual revenue In the previous part of the series, we saw that NVIDIA (NVDA) reported record revenues of $1.4 billion in fiscal 4Q16, driven by strong demand for its gaming and VR (virtual reality)-related graphics hardware. If we remove the seasonal effect, the firm surpassed the $5 billion threshold in fiscal 2016, reporting revenues of $5.01 billion—up 7% YoY (year-over-year). The company’s revenues overtook that of Advanced Micro Devices (AMD), which reported annual revenues of $3.9 billion in fiscal 2015. This strong performance was witnessed in NVIDIA’s stock prices, which grew by 63.7% over…


Link to Full Article: NVIDIA Overtakes AMD with Billion Annual Revenue