Monday, April 15, 2024

Nvidia announces record revenue of $ 5.66 billion (+ 84% vs. Q1 ’20)


Nvidia announced its financial results for the first quarter of the year which ended on May 2, and he did it with triple revenue record, and it is that it revealed that it generated income of $ 5.66 billion, a growth of 84 percent compared to the same period last year.

Obviously, its gaming division he also broke a record by earning $ 2.76 billion, which meant 106 percent growth, and that record is motivated by the mining fever for cryptocurrencies such as Ethereum, where consumer graphics oriented to the gaming segment are used to generate profits.

Breaking down the records, we have data centers, with 2,050 million dollars, which represents a growth of 79 percent compared to the same period in 2020.

We had a fantastic quarter, with strong demand for our products driving record revenue“said Jensen Huang, Founder and CEO of Nvidia.

“Our data center business continues to expand as the world’s industries embrace Nvidia AI to process computer vision, conversational AI, natural language understanding, and recommendation systems. Nvidia RTX has reinvented computer graphics and is driving updates in the gaming and design markets. Our partners are launching the largest wave of laptops powered by Nvidia. Across industries, adoption of Nvidia computing platforms is accelerating.

“One year later, Mellanox has exceeded our expectations and it has transformed Nvidia into a data center-scale computing company.

We continue to move forward with our planned acquisition of ARM, which will accelerate innovation and growth of the AR ecosystem; From gaming, cloud computing, AI, robotics, self-driving cars to genomics and computational biology, NVIDIA continues to do an impressive job inventing a better future, “he said.

Ebenezer Robbins
Ebenezer Robbins
Introvert. Beer guru. Communicator. Travel fanatic. Web advocate. Certified alcohol geek. Tv buff. Subtly charming internet aficionado.

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