Nvidia reports record quarterly revenue as AI chip demand continues

The determine is up 15% on the final quarter, and up 122% on the identical interval a yr in the past because the agency continues to learn from the rise of generative AI.

Most of the world’s largest tech and AI firms depend on Nvidia’s chips and information centres to supply the computing energy to create, prepare and develop new AI instruments.

In its quarterly outcomes for the three months to July 28, the corporate mentioned that income from the info centre portion of its enterprise was a report 26.3 billion {dollars} (£19.9 billion) – up 16% on the earlier quarter and 154% greater than this time final yr.

The outcomes beat many analysts’ expectations.

Jensen Huang, founder and chief govt of the US agency, mentioned demand for Nvidia’s present era of Hopper chips “stays sturdy” and that the anticipation for its subsequent era of Blackwell chips was “unimaginable”.

“Nvidia achieved report revenues as world information centres are in full throttle to modernise your complete computing stack with accelerated computing and generative AI,” he mentioned.

“Blackwell samples are delivery to our companions and clients. Spectrum-X Ethernet for AI and Nvidia AI Enterprise software program are two new product classes reaching important scale, demonstrating that Nvidia is a full-stack and information centre-scale platform.

“Throughout your complete stack and ecosystem, we’re serving to frontier mannequin makers to client web companies, and now enterprises. Generative AI will revolutionise each trade.”

Waiting for the subsequent quarter, the corporate mentioned it anticipated income to rise once more, forecasting it to be round 32.5 billion {dollars}.