© Reuters
Chip company Nvidia once again broke records last quarter. The company, currently the world’s leading player in chips used for artificial intelligence (AI), saw sales increase by 265 percent compared to a year earlier.
Source: BELGA
Wednesday, February 21, 2024 at 11:19 PM
According to CEO Jensen Huang, Nvidia is taking full advantage of the high demand for faster computers and AI applications. “Demand is increasing worldwide in all kinds of companies, sectors and countries,” he says in an explanation of the figures. Significantly more money came in, especially in the data center branch.
Total quarterly revenues amounted to $22.1 billion. That is 22 percent more than in the previous three months, when record turnover was also reported. The financial markets had been looking forward to Nvidia’s quarterly report for days and expectations were high.
Nvidia predicts further revenue growth for the current quarter. But with an estimated $24 billion in revenues, growth compared to the previous three months will probably be somewhat less strong than is now the case.