Is Nvidia no longer a gaming graphics card company? The company reported record revenue and profit growth by more than an order of magnitude, all thanks to AI

by alex

Accelerators for AI

Nvidia has published a report on the results of the third quarter of the 2024 financial year. As expected, the next quarter was very successful for the company.

Nvidia больше не компания по производству игровых видеокарт? Компания отчиталась о рекордной выручке и росте прибыли более чем на порядок, и всё благодаря ИИ

Revenue rose to a company record of $18.12 billion, which is three times more than a year ago! Operating profit increased by 1633%, to $10.4 billion, and net profit grew by 1259%, while net profit itself was $9.24 billion.

Of course, such a breakthrough is due almost entirely to computational accelerators. This is clearly seen in the report: the Data Center division brought the company $14.5 billion, while the gaming division brought in only $2.9 billion.

Nvidia больше не компания по производству игровых видеокарт? Компания отчиталась о рекордной выручке и росте прибыли более чем на порядок, и всё благодаря ИИ

Moreover, revenue from sales of gaming solutions for the year, of course, grew well, but we are still talking about 55%, while the DC division showed an almost fourfold increase.

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