Nvidia’s Data Center business is booming, up more than 400% since last year to $18.4 billion in fourth-quarter sales

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Nvidia's Data Center business is booming, up more than 400% since last year to $18.4 billion in fourth-quarter sales

Nvidia's Data Center business just logged $18.4 billion in fourth-quarter sales.

www.cnbc.com

 

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Nvidia's Data Center business is booming, up more than 400% since last year to $18.4 billion in fourth-quarter sales

Nvidia's Data Center business just logged $18.4 billion in fourth-quarter sales.

www.cnbc.com

WOW

 

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"Earnings released on Wednesday show Nvidia’s profits grew to nearly $12.3 billion in the three months ended January 28 — up from $1.4 billion in the year-ago quarter, a gain of 769% year-over-year and even stronger growth than Wall Street analysts had expected. That result helped bring the company’s full-year profits up more than 580% from the year earlier.

Nvidia also posted fourth quarter revenue gains of 265% year-over-year, also exceeding analyst projections, as the company continues to ride the wave of massive AI investment."

https://www.cnn.com/2024/02/21/tech/nvidia-ai-sales-boom/index.html

 

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Nvidia revenue jumps from $26,974 million of FY 2023 to $60,922 million of FY 2024 with FY2024 gross margin of 72.7% (56.9% in FY2023).

With such huge growth in revenue, gross profit, and net profit , Nvidia operating expenses only increased 2%.

NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2024

NVIDIA today reported revenue for the fourth quarter ended January 28, 2024, of $22.1 billion, up 22% from the previous quarter and up 265% from a year ago.

nvidianews.nvidia.com

 

[Brady]

Astounding. I have no other words to describe it.

 

[Barnsley]

There is a lot of data out there to retain!

Only going to increase as well by the look of it.