The Surprising Common Denominator of Nvidia and FPT

On November 20, 2024, Nvidia announced its financial results for the third fiscal quarter of 2025, which ended on October 27, 2024. The company reported quarterly revenue of $35.08 billion, a 17% increase from the previous quarter and a significant 94% jump from the same period last year.

Nvidia’s data center business was the primary driver of this growth, contributing $30.8 billion in revenue, representing a 17% increase from Q2 and an impressive 112% year-over-year growth.

The company highlighted that leading cloud computing companies in India, Japan, and Indonesia are leveraging Nvidia’s accelerated computing technology to build their AI infrastructure. Additionally, consulting firms are accelerating AI adoption across industries using the NVIDIA AI Enterprise software.

US technology giants, including Accenture, Deloitte, and Google Cloud, are also harnessing NVIDIA AI software to develop customized AI applications, transforming industries worldwide.

As a result of this strong performance, Nvidia’s net income for the quarter soared to over $19.3 billion, more than doubling the $9.24 billion reported in the same period last year.

Notably, since the first quarter of the 2024 fiscal year, Nvidia has demonstrated consistent growth in both revenue and net profit, with its charts resembling a straight line. This trajectory is similar to that of FPT, a Vietnamese technology company that has also been consistently achieving impressive quarterly growth.

The consistent growth of both Nvidia and FPT is underpinned by the global technology market boom, with keywords like “semiconductors” and “AI” taking center stage.

In April 2024, FPT announced its development of the AI Factory through a comprehensive strategic collaboration program with Nvidia. On November 13, FPT, in partnership with Nvidia, launched the AI Factory in Japan, offering AI and cloud computing services. FPT’s AI Factory contributes to the development of sovereign AI for Japan.

The FPT AI Factory in Japan provides three main groups of products: FPT AI Infrastructure offers GPU cloud services; FPT AI Studio Platform provides intelligent tools for building, training, and fine-tuning AI models; and FPT AI Inference, combined with NVIDIA NIM and NVIDIA AI Blueprints, enables the deployment and scaling of these models in terms of size and usage.

FPT has emphasized that AI is expected to create unique competitive advantages, accelerating their goal of achieving $5 billion in foreign revenue from IT services by 2030.