NVIDIA’s Profit Soars by 629% 🙀

NVIDIA reported a record-breaking 629% year-over-year profit increase, with revenue up 262% from the previous year. Notably, the growth was driven largely by its data centre sector, which saw a 425% rise. 

Good times roll for generative AI

NVIDIA attributes its financial success to a strong demand for generative AI training and inference on the Hopper platform. The advancements and production readiness of their Blackwell platform and Spectrum-X for large-scale AI data centres also significantly drove the company's growth.