Nvidia's data center revenue up 112% over last year
Nov 20, 2024 | Posted by Abdul-Rahman Oladimeji
Nvidia's data center revenue for the latest quarter was $30.8 billion, up 17 percent from Q2 and up 112 percent from a year ago. “The age of AI is in full steam, propelling a global shift to Nvidia computing,” said Jensen Huang, founder and CEO of Nvidia.
“Demand for Hopper and anticipation for Blackwell - in full production - are incredible as foundation model makers scale pretraining, post-training and inference. AI is transforming every industry, company, and country. Enterprises are adopting agentic AI to revolutionize workflows. Industrial robotics investments are surging with breakthroughs in physical AI. And countries have awakened to the importance of developing their national AI and infrastructure."
The company forecasts total fiscal fourth-quarter sales of about $37.5bn, up 70 percent. That was above average analyst projections of $37.1bn, compiled by Bloomberg, but below some projections that were as high as $41bn.
“Demand for Hopper and anticipation for Blackwell - in full production - are incredible as foundation model makers scale pretraining, post-training and inference. AI is transforming every industry, company, and country. Enterprises are adopting agentic AI to revolutionize workflows. Industrial robotics investments are surging with breakthroughs in physical AI. And countries have awakened to the importance of developing their national AI and infrastructure."
The company forecasts total fiscal fourth-quarter sales of about $37.5bn, up 70 percent. That was above average analyst projections of $37.1bn, compiled by Bloomberg, but below some projections that were as high as $41bn.