About 15% or $2.7 billion of Nvidia’s revenue for the quarter ended October came from Singapore, a U.S. Securities and Exchange Commission filing showed. Revenue coming from Singapore in the third quarter jumped 404.1% from the $562 million in revenue recorded in the same period a year ago. This outpaced Nvidia’s overall revenue growth of 205.5% from a year ago.
Singapore only trailed behind the U.S. (34.77%,) Taiwan (23.91%) and China including Hong Kong (22.24%) in Nvidia’s third-quarter sales rankings.
“I would highly think it’s due to data centers as Singapore has quite a lot of data centers and cloud service providers,” Maybank Securities analyst Jarick Seet told CNBC.
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