Nvidia just It was published (opens in new tab) Here’s our updated financials for the fourth quarter and fiscal year 2023. Revenues continue to decline, but results were better than expected. What’s more, Nvidia is seen as a big wheel in AI accelerator hardware, which is why the company’s stock has surged more than 10% in after-hours trading. Another interesting result among the myriad of numbers is that Nvidia’s gaming segment revenue is only 10% higher than his rival AMD.
Nvidia and AMD battle for gaming segment
Nvidia’s Gaming segment revenue takes into account revenue from PC GPUs, Nintendo Switch hardware, and the GeForce Now game streaming service. Together, these businesses generated $1,831 million in the most recent quarter. Unfortunately for Nvidia, this revenue is down 46% year-over-year.
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AMD’s gaming segment results are derived from total revenue from PC GPUs and significant semi-custom business for both Microsoft Xbox and Sony PlayStation consoles. The latest numbers from AMD are It was published At the end of January, it showed its Gaming segment revenue totaled $1.644 billion for the most recent quarter. So, according to the latest financial statements, the difference in game revenue between the green team and the red team is only 10% or 11%, which could change in either direction in the coming months.
Considering the above comparison regarding PC GPUs, I doubt AMD is making waves in the discrete GPU market.According to the latest Steam hardware survey, market share is seemingly settled About 75% Nvidia, 15% AMD, and 10% others for the last 18 months. Rather, as mentioned earlier, AMD’s console chips are selling well.
Nvidia latest results
Focusing back on today’s results from the green team, we see that chip designers made $6.061 billion in revenue in the most recent quarter. The numbers and net earnings beat Wall Street’s expectations and are almost always great for the stock after the results are announced. This is despite the most recent quarter’s numbers being worse than this time last year.
Yes, gaming revenue declined, but there was a bright spot in the data center for Nvidia investors. Data center revenue increased 11% over the year. This is a good achievement in a recession. In addition, the data center segment includes AI accelerators, a very hot trend in all things AI at the moment.
2023 will see more action for PC GPUs by Nvidia, so it could grab even more share of the PC market, especially when mainstream cards start to become available (hopefully at mainstream prices). higher. In terms of total gaming segment revenue, AMD may continue to enjoy support from very strong demand for Sony and Microsoft’s consoles, but there aren’t many indications about the launch of his RDNA 3 graphics card product in the mainstream. .
