Nvidia reported a quarterly revenue of $30 billion, a 122% increase compared to the previous year, driven primarily by sales of its Hopper GPU. Gross profit margins reached 75.1%, signaling strong demand for its AI-accelerating GPUs.
CFO Colette Kress highlighted the burgeoning demand from 'tens of thousands' of startups and companies creating generative AI applications across various sectors, noting that the 'Enterprise AI wave has started.'
Natalie Hwang emphasized that while Nvidia's performance shows investor recognition of AI's significance, the broader market might still underestimate AI's full potential beyond foundational technologies.
Collection
[
|
...
]