Gigabyte G593 SD0 NVIDIA HGX H100 8 GPU Slide Out Tray 2
Formerly recognized primarily as a gaming entity, NVIDIA has significantly diversified its focus in recent times. In the latest financial report for Q4 FY24, the company recorded a remarkable \(22.1B in total revenue. Surprisingly, a substantial \)18.4B of this revenue stemmed from the data center sector, overshadowing the $2.9B generated from gaming activities. The remaining revenue was attributed to pro visualization and automotive ventures, showcasing the company’s substantial growth and success.
NVIDIA Surpasses Expectations with Over 83 Percent of Revenue Stemming from the AI Data Center Sector
The market has witnessed a surge in demand for NVIDIA H100 servers, despite notable OEMs like Lenovo not yet offering 8x H100 servers in the US. This heightened demand has prompted NVIDIA to ramp up its production capacity for these servers, enabling the company to command premium prices compared to its previous product lines.
ASUS ESC N8A E12 NVIDIA HGX H100 3
To put the \(22.1B quarterly revenue figure into perspective, Intel’s total revenue for the entire year of 2023 amounted to approximately \)53.2B, while AMD reported $22.7B in revenue for the same period. This staggering quarterly performance by NVIDIA undoubtedly solidifies its position in the market.
Looking Ahead
What is particularly intriguing about NVIDIA’s recent achievements is the anticipation surrounding its upcoming projects. The company is gearing up to unveil not only the H200, an enhancement of the H100 model, but also the next-generation B100 design. This development comes at a time when competitors like AMD with the MI300X, Intel with its Gaudi3, as well as various startups and major cloud players, are intensifying their efforts to capture a share of the AI training and inference markets.
Moreover, NVIDIA is expected to persist in its strategic initiatives for AI systems, including the integration of Arm CPUs such as the Grace Superchip/Grace Hopper and leveraging its interconnect assets from the Mellanox acquisition to further expand its presence in the AI infrastructure landscape.
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Despite its historical association with gaming GPUs, NVIDIA is now positioned to potentially surpass the combined revenues of AMD and Intel in the upcoming year—a feat that seemed improbable a decade ago. While some may critique NVIDIA’s current gaming GPU offerings, the undeniable fact remains that the company is achieving remarkable revenue growth through its data center operations, with projections indicating further expansion despite encountering challenges related to export licenses for certain data center products.
