Nvidia reported for the quarter and for the year
Nvidia published a report on the results of the fourth quarter of the 2024 financial year and the entire year as a whole.
Nvidia's total revenue for the fourth quarter was $22.1 billion, more than tripling from a year ago.
Operating profit increased by more than an order of magnitude, to $13.6 billion, and net profit increased by 769%, to 12.29 billion.
In total, Nvidia earned $60.92 billion last year, increasing revenue by 126%. Operating profit grew almost eight times, to 32.97 billion, and net — almost seven times, to 29.76 billion dollars.
Of course, all these records — credit to the AI boom. This can be clearly seen from the more detailed data from the report. In particular, the Data Center division earned $18.4 billion in the last quarter compared to $3.6 billion a year earlier. That is, almost 85% of all revenue came from accelerators for AI and data centers. The gaming division brought in $2.87 billion versus $1.8 billion a year earlier.