NVIDIA's Revenue Soars as Demand for GPUs for AI and Generative Models Surges

08/24 01:10

NVIDIA has reported record revenue of $13.51 billion in its latest quarter, a 101% increase compared to the same period last year. The surge in revenue was driven by strong demand for its graphics processing units (GPUs), particularly for artificial intelligence and generative AI models. NVIDIA's data center segment, which produces GPUs for high-performance computing and cloud applications, saw record revenue of $10.32 billion, up 171% annually. The company expects strong growth ahead, forecasting revenue of approximately $16 billion next quarter.

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