Nvidia: Annual revenues double due to surging AI demand

Chip giant reports record income for Q2 2024

clock • 4 min read
Nvidia: Annual revenues double due to surging AI demand
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Nvidia: Annual revenues double due to surging AI demand

Jensen Huang, Nvidia’s co-founder and CEO, says high demand for the AI chip giant’s most powerful GPUs is recognition that many companies are moving from data centres powered by CPUs to ones that are accelerated by GPUs, which can bring substantial boosts in performance and efficiency.

Nvidia's revenue doubled over a year in the second quarter, mainly due to strong demand for the chip designer's H100 and A100 datacentre GPUs that was driven by generative AI development. The Ca...

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