Taipei-based financial analyst Dan Nystedt noted that Nvidia took the revenue crown from contract chip-making titan TSMC in the Q3 financials.

Nvidia had an amazing performance, with a headlining $18.12 billion in revenue for the quarter, up 206 per cent year-over-year (YoY). The firm's profits were through the roof, and Nystedt posted a graph showing Nvidia elbowed past its chip industry rivals by this metric in Q3 2023, too.

Nvidia's advance is supported by multiple highly successful operating segments, which have substantially affected its revenue and income. Again, we saw clear evidence of a seismic shift in revenue, with the latest set of financials shared with investors earlier this week.