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One tiny country drove 15% of Nvidia's revenue – here's why it needs so many chips - TL;DR CNBC

One tiny country drove 15% of Nvidia's revenue – here's why it needs so many chips

Publishing timestamp: 2023-12-01 01:30:28


Summary

Nvidia's revenue from Singapore accounted for 15% or $2.7 billion in the third quarter, driven by data centers and cloud service providers. Singapore is a growing area for specialized cloud service providers and has a stable and secure environment for digital and data services. The demand for data centers in Singapore is expected to remain high due to the growth of digital apps, e-commerce, artificial intelligence, and other technologies.


Sentiment: NEUTRAL

Tickers: NVDA,  MSFT,  EQIX, 

Keywords: nvidia corp,  breaking news: technology,  business news,  microsoft corp,  technology,  asia economy,  equinix inc, 

Source: https://www.cnbc.com/2023/12/01/this-tiny-country-drove-15percent-of-nvidias-revenue-heres-why-it-needs-so-many-chips.html


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