Nvidia's earnings beat Wall Street expectations as it rakes in cash on the back of surging AI demand

  • 📰 pcgamer
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 67%

Gaming Gaming Headlines News

Gaming Gaming Latest News,Gaming Gaming Headlines

Chris' gaming experiences go back to the mid-nineties when he conned his parents into buying an 'educational PC' that was conveniently overpowered to play Doom and Tie Fighter. He developed a love of extreme overclocking that destroyed his savings despite the cheaper hardware on offer via his job at a PC store.

You don't need ChatGPT to tell you that AI is big business. Nvidia is making an absolute killing. Yet, for all the buzz and talk about AI, and Nvidia's understandable shift of attention to where the big money is, its gaming business continues to thrive.on Wednesday, raking in $22.1 billion in revenue for the quarter, up 265% from a year ago. Its revenue from data centers, where the big AI bucks come from, was up by over 400% from the same period last year, reaching $18.4 billion.

Nvidia's founder and CEO, Jensen Huang, explained:"Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations." is scheduled to take place from March 18. Its focus will be—you guessed it—AI. Huang is expected to preview the B100 GPGPU which will no doubt be in high demand from the Googles, Metas and Amazons of the world.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 38. in GAMİNG

Gaming Gaming Latest News, Gaming Gaming Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Capcom celebrates the 8th anniversary of Street Fighter V by saying sorry for Street Fighter VAndy has been gaming on PCs from the very beginning, starting as a youngster with text adventures and primitive action games on a cassette-based TRS80.
Source: pcgamer - 🏆 38. / 67 Read more »