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Full year revenue went up 126% by reaching $60.9 billion.
Now, shortly after NVIDIA’s impressive earnings report, stock of the company rose dramatically.
Data center revenue rose dramatically year-over-year for NVIDIA.
NVIDIA’s market cap rose by $250 billion since Wednesday.
This week’s low mark for NVIDIA shares was $662.64.
That figure reached $785.50 at one point today.
Data center revenue rose dramatically year-over-year for NVIDIA.
The increase is the largest-ever one-day gain on Wall Street, according toReuters.
The company’s total market cap hit $1.96 trillion this week.
NVIDIA is now the third most valuable company in the United States, trailing only Microsoft and Apple.
NVIDIA is also fourth most valuable in the world, trailing Microsoft, Apple, and Saudi Aramco.
“Vertical industries led by auto, financial services and healthcare are now at a multibillion-dollar level.”
Huang also emphasized the importance of generative AI for NVIDIA’s success.
“Accelerated computing and generative AI have hit the tipping point.
Demand is surging worldwide across companies, industries and nations,” said Huang.
A report in March 2023 estimated thatChatGPT may need 30,000 NVIDIA GPUs to operate.
Revenue grew 15% to $10.4 billion in NVIDIA’s gaming segment.
In ourNVIDIA GeForce RTX 4070 Super Founders Edition review, the GPU earned a near-perfect 4.5/5.
Our Harish Jonnalagadda wenthands-on with Chat with RTXearlier this month and came away impressed.
