NVIDIA just hit a record high – $44.1 billion in revenue. That’s a 69% jump from last year. The company’s net income also soared to $18.8 billion, up 26% from last year.
This success comes despite US government restrictions on exporting AI chips to China. These restrictions cost NVIDIA around $2.5 billion in revenue this quarter. The company expects to lose another $8 billion in the next quarter.
What’s driving this growth?
Data centers are the main reason. They brought in $39.1 billion, up 73% from last year. The demand for AI infrastructure is rising globally, and NVIDIA is benefiting from it.
The gaming segment also did well, with $3.8 billion in revenue. That’s a 42% increase from last year. New GPUs, like the GeForce RTX 50 series, are a big part of this growth. The gaming market is also recovering, which helps.
These numbers are impressive, especially considering the challenges NVIDIA faces. The company is still growing, and its data centers and gaming segments are leading the way.
Sources:
Tom’s Hardware