NVIDIA posted yet another impressive earnings report, a statement that grossly undersells the lede. Not only did NVIDIA crush its earnings, it recorded the highest quarterly revenue since the company’s inception nearly three decades ago. Continued growth in gaming and the data center both contributed heavily to its $7.1 billion in revenue.
IC Insight’s forecast on revenue growth for the semiconductor market in 2021 paints an explosive 65% growth for AMD. In an industry that’s projected to post revenue growth on average 23% higher compared to 2020, Intel stands to shrink its revenue by 1%.