The Technology section is published with the support of Favbet Tech
After the artificial intelligence boom, the key revenue drivers of the largest American chip manufacturer have changed dramatically.
Server processors for analytics and artificial intelligence have quickly surpassed NVIDIA's historical core business, PC GPUs, and now represent the company's largest source of revenue. With soaring demand for the hardware that powers AI models, NVIDIA's revenues reached $22.1 billion in the latest quarter, up 265% year over year.
The graph below shows NVIDIA’s revenue by product line from 2019 to 2024. Illustration created by Visual Capitalist, based on data from Syntax Affinity.
NVIDIA's server processor business experienced explosive growth, up approximately 409% compared to the fourth quarter of last year. It includes the H100 accelerators that power AI systems and on which big tech companies are spending billions—Meta alone plans to use 350,000 H100s in 2024.
Five main directions of NVIDIA income
The company has played a key role in the development of PC GPUs, which currently account for 17.1% of NVIDIA's total revenue. For the first time, gaming video cards gave way to professional accelerators for data centers in the company's sales volumes back in 2020.
3D imaging and automotive GPUs generate 2.6% and 1.8% of NVIDIA's revenue share, respectively.
The Technology section is published with the support of Favbet Tech
Favbet Tech is IT a company with 100% Ukrainian DNA, which creates perfect services for iGaming and Betting using advanced technologies and provides access to them. Favbet Tech develops innovative software through a complex multi-component platform that can withstand enormous loads and create a unique experience for players. The IT company is part of the FAVBET group of companies.