NVIDIA Corporation vs Lam Research Corporation: SG&A Expense Trends

SG&A Expense Trends: NVIDIA vs. Lam Research

A Decade of Financial Evolution

Over the past decade, the Selling, General, and Administrative (SG&A) expenses of NVIDIA Corporation and Lam Research Corporation have showcased intriguing trends. From 2014 to 2024, NVIDIA's SG&A expenses surged by over 500%, reflecting its aggressive growth strategy and market expansion. In contrast, Lam Research's expenses grew by approximately 40%, indicating a more stable and controlled financial approach.

Year-on-Year Insights

In 2014, NVIDIA's SG&A expenses were about 30% lower than Lam Research's. However, by 2024, NVIDIA's expenses had more than tripled, surpassing Lam Research by a significant margin. This shift highlights NVIDIA's increasing investment in marketing and administrative functions to support its rapid technological advancements and market penetration.

Strategic Implications

These trends underscore the differing strategic priorities of the two tech giants, with NVIDIA focusing on scaling operations and Lam Research maintaining steady growth.