计算机行业点评：英伟达：人工智能时代全速发展，推动全球向NVIDIA计算转变

Investment Rating - The report maintains a "Buy" rating for NVIDIA (NVDA.O) and also recommends buying for Microsoft (MSFT.O) and Google (GOOGL.O) [9][16]. Core Insights - NVIDIA's Q3 2024 revenue reached $35.08 billion, exceeding market expectations of$ 33.25 billion, with a year-on-year growth of 94%. The GAAP net profit was $19.3 billion, up 109% year-on-year, and diluted EPS was$ 0.78, reflecting a 111% increase year-on-year. Total revenue for the first three quarters of 2024 reached $91.17 billion, a 135% year-on-year increase [4][11]. - The data center business performed exceptionally well, with revenue of$ 30.8 billion, a 112% year-on-year increase, accounting for 87.7% of total revenue. This growth was driven by strong demand for NVIDIA's Hopper GPU computing platform [12][16]. - The gaming and AI PC business generated $3.3 billion in revenue, a 15% year-on-year increase, benefiting from back-to-school promotions and increased demand for GeForce RTX GPUs [4][16]. - The automotive and robotics segment reported revenue of$ 449 million, a 72% year-on-year increase, driven by strong demand for NVIDIA Orin in the autonomous driving market [15][16]. Summary by Sections Financial Performance - Q3 2024 revenue: $35.08 billion, up 94% YoY [4][11] - GAAP net profit:$ 19.3 billion, up 109% YoY [11] - Total revenue for first three quarters: $91.17 billion, up 135% YoY [4] Business Segments - Data Center: Revenue of$ 30.8 billion, up 112% YoY, 87.7% of total revenue [12][16] - Gaming and AI PC: Revenue of $3.3 billion, up 15% YoY [4][16] - Automotive and Robotics: Revenue of$ 449 million, up 72% YoY [15][16] Market Outlook - NVIDIA's technology advantage in AI chips is expected to strengthen with the gradual increase in production capacity of Blackwell architecture products [16].