Nvidia Announces Financial Results ... And ARM Acquisition Is Going Well

Nvidia released today its financial results for the Fourth Quarter of 2020 (which for Nvidia ends on January 31), in addition to all the financial results harvested in 2020. Perhaps most interesting of all, is that the company's own CEO, Jensen Huang, indicated that the ARM acquisition was progressing apace.

A quick summary is that the company made 61 percent more money compared to Q4 2019, which translates to $ 5 billion compared to $ 3.11 billion. If we compare it with Q3 2020, it only generated 6 percent more money, so the shortage of silicon slowed its growth.

"The fourth quarter has been another record quarter, culminating a banner year for Nvidia computing platforms. Our pioneering work in the field of accelerated computing has led to games becoming the world's most popular entertainment, to for supercomputing to be democratized for all researchers as AI emerges as the most important force in technology, "said Jensen Huang, Founder and CEO of Nvidia.

"The demand for GeForce RTX 30 series GPUs is incredible. The Nvidia RTX brand has entered a major upgrade cycle as gamers make the leap to RayTracing, DLSS and AI.

Our universal GPUs for AI data centers, the Nvidia A100, are growing strongly among cloud service providers and vertical industries. Thousands of companies around the world are applying Nvidia AI to create cloud-connected products with AI services that will transform the world's largest industries. We are seeing the moment of the smartphone for all industries.

Mellanox has expanded our footprint in the data center. And we are making good progress towards the acquisition of ARM, which will create huge new opportunities for the entire ecosystem."

Nvidia Gaming Division Achievements in 2020:

• Fourth quarter revenue reached a record $ 2.5 billion, up 10% from the prior quarter and 67% from the prior year. Full-year revenue reached a record $ 7.76 billion, up 41%.
• Announced the company's largest notebook launch, featuring more than 70 new notebooks for gamers and creators, powered by Nvidia GeForce RTX 30 Series notebook GPUs.
• Expansion of the Nviia GeForce RTX 30 series with 60 available models, the most popular in the company's gaming range, including the GeForce RTX 3060, starting at just $ 329, with RayTracing Nvidia RTX, Nvidia DLSS, Nvidia Reflex and Nvidia Broadcast.
• Increased drive to adopt Nvidia RTX, now available in 36 new titles, including Minecraft, Fortnite or Cyberpunk 2077.
• Overwatch and Tom Clancy's Rainbow Six Siege are announced to adopt Nvidia Reflex, bringing this low-latency technology to 7 of the top 10 competitive shooter.
• GeForce NOW is announced to have come to iOS Safari, allowing more than 6 million GeForce NOW members to access the service through the Safari browser on iPhone or iPad.