Graphics chipmaker Nvidia, the maker of the graphics chips in the PlayStation 3 as well as many PC video cards, announced a large increase in profits, which leads to a 3-to-2 stock split to take place on August 20th.
Gamespot says that this quarter saw an net income of $172.7 million on a revenue of $935.3 million, which is up from last year's $86.8 million on 687.5 million in revenue. Nvidia announces that on the end of the business day of August 20th, any holder of two shares will gain a third. After the split, Nvidia will have about 550 million shares of stock.
"Our ongoing strategy to extend the reach of the GPU is paying off," said Nvidia CEO and president Jen-Hsun Huang, stating the obvious. "There is a fast-growing universe of applications that rely on the processing capability of the GPU, from 3D design and styling tools, video- and photo-editing software, 3D maps, and video games, to the user interfaces of the Mac and Vista."
Good job, Nvidia! Wait, isn't ATI making money as well? They make the Radeon line of PC graphics cards as well as the graphics chips in the Xbox 360 and Nintendo Wii, so you'd think they'd be doing alright.
[Via Gamespot]
Dale North is Destructoid's Editor-In-Chief, a founding editor, and specialist in Japanese gaming. An accomplished musician, Dale was reporting from Japan during the earthquakes of 2011. Luckily, he got the fuck out alive and is home in America now with his wife and beloved corgi, Einstein. Dale is also a co-founder of Destructoid's sister anime site
Japanator. Likes Corgis, Sega Saturn, PSP, iPhone, Photographic tools.
Meet the rest of the team
| BBcode help |
| [b]Bold text[/b] |
Bold text |
| [i]Italic text[/i] |
Italic text |
| [url]http://www.dtoid.com/[/url] |
http://www.dtoid.com |
| [url=http://www.dtoid.com/]Web link[/url] |
Web link |
|
| [img]http://www.example.com/robot.jpg[/img] |
 |
Post a comment! You can also post a photo below:
Comment with Facebook
Click connect and comment instantly!
|
Comment with Dtoid
New? SIGN UP - it takes 5 seconds
|
7 comments | showing # 1 to 7
|
Comment with Facebook
Click connect and comment instantly!
|
Comment with Dtoid
New? SIGN UP - it takes 5 seconds
|
Comments policy
Destructoid is an open discussion community. You don't need to "audition" to post a comment - just speak your mind. We respect differing opinions on the site, so have at it. Be smart, funny, insightful, clueless, or cute -- but back it up with substance. Keep your cool, keep it fun. We only ask that you act respectfully and above all: don't be a troll and ruin it for everyone else. Don't bring down gamers or we'll, you know, gently shoot you in the face and stuff you into a flaming mailbox. Each comment is your opportuntity to make this community awesomer. Is that even a word?
Avoiding the banhammer only requires common sense: spamming, trolling, racism, NSFW stuff, and other forms of sucking will not be tolerated. If anyone is griefing please report abuse. Be good. Don't suck!
Contest:
6:12 PM on 08.09.2007
| 
by the way, anyone remember this 3dfx ad? i think it's incredible http://www.youtube.com/watch?v=DmaYH1F6kho
ah good times.
too bad i cant do much to trip out my laptop...
i am such a nerd i have had my own computer since the third grade