Nvidia’s data center unit was the company’s only business unit that saw significant year-on-year growth. The $4.2 billion revenue of this unit in the first quarter of 2024 has increased significantly compared to the $3.7 billion revenue of the fiscal quarter of 2023. One of the important reasons for the growth of the company’s data center income was the success of big businesses such as Google and Dell.
written by WccfTechIn terms of consecutive growth, Nvidia’s gaming unit has performed better than other parts of this company. The company’s income from the gaming business in the first quarter of fiscal year 2024 was equal to 2.2 billion dollars.
Cole Cress, Nvidia’s CFO attributed the data center revenue growth to increased demand for products related to productive artificial intelligence. He stated that his company’s Hopper and Ampere products are leaders in this growing sector. Lady Cress It announced Nvidia’s RTX 40 series graphics cards as another important reason for the company’s gaming unit revenue growth in the first quarter of 2024.
Nvidia predicts that the company’s revenue will reach 11 billion dollars in the current financial quarter, thus bringing the first potential annual growth of the last three seasons to Armaghan. On the other hand, Wall Street has announced Nvidia’s revenue for the current fiscal quarter at $7.2 billion. The reports seem to have had an impact on the market as well, as Nvidia shares are now up 27.71%.
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