Operational Costs Compared: SG&A Analysis of NVIDIA Corporation and ASML Holding N.V.

A Decade of SG&A Evolution: NVIDIA vs. ASML

In the ever-evolving tech landscape, operational efficiency is paramount. Over the past decade, NVIDIA Corporation and ASML Holding N.V. have demonstrated distinct trajectories in their Selling, General, and Administrative (SG&A) expenses. From 2014 to 2023, NVIDIA's SG&A expenses surged by approximately 460%, reflecting its aggressive expansion and market dominance. In contrast, ASML's expenses grew by about 250%, showcasing steady growth in the semiconductor equipment sector.

Key Insights

• NVIDIA's Growth: By 2023, NVIDIA's SG&A expenses reached nearly 2.44 billion, a testament to its strategic investments in AI and gaming.
• ASML's Steady Climb: ASML's expenses peaked at 1.11 billion in 2023, underscoring its pivotal role in the semiconductor supply chain.

While NVIDIA's expenses continued to rise in 2024, ASML's data remains elusive, hinting at potential shifts in strategy. This analysis offers a window into the operational strategies of two tech giants.