5 Fastest Growing Technology Companies in the US

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1. NVIDIA Corp (NASDAQ:NVDA)

Year over year growth rate 2023: 57.07%

NVIDIA Corporation (NASDAQ:NVDA) stands as a powerhouse in accelerating computing, dedicated to solving complex computational challenges. The company operates through two key segments: the Compute & Networking segment, focusing on its data center accelerated computing platform, and the Graphics segment, which encompasses GeForce GPUs tailored for gaming and personal computers (PCs), the GeForce NOW game streaming service, and gaming platform solutions.

Demonstrating remarkable financial performance, NVIDIA (NASDAQ:NVDA) reported a staggering revenue of $44.87 billion in the twelve months ending October 29, 2023, showcasing an impressive 57.07% year-over-year growth. The momentum reached unprecedented heights in the last quarter of the same period, with revenue surging to $18.12 billion and an extraordinary 205.51% year-over-year growth.

NVIDIA’s commitment to innovation is further underscored by the recent launch of a new AI chatbot, coinciding with the announcement of its latest data center GPU, the RTX 2000 Ada, solidifying the company’s pivotal role in advancing the landscape of computing and artificial intelligence.

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