News Surging AI demand sees Nvidia full-year revenue hit $60.9 billion in 2023

[Admin]

Nvidia's fourth quarter FY2024 earnings hit $22.1 billion on AI frenzy.

Surging AI demand sees Nvidia full-year revenue hit $60.9 billion in 2023 : Read more

 

[gg83]

Is there any other business that operates at a 76% profit margin? That can't be common at all.

 

[domih]

In the NYTimes report on the subject (https://www.nytimes.com/2024/02/21/technology/nvidia-earnings.html) there is this notable excerpts:

<<In an interview later Wednesday, Mr. Huang said much more growth for the company lay ahead. “We are one year into generative A.I.,” he said. “My guess is we are literally into the first year of a 10-year cycle of spreading this technology into every single industry.”>>

Indeed the rise of generative AI is based on real technological advances. It's an entirely different situation compared to the cryptocurrency minting fads from a few years ago. Generative AI is here to stay and grow.

After the keyboard + mouse interface, touch and gestures were added. The next wave is to have your computers and phones listening, seeing, doing and talking, with the appearance of understanding you and your surroundings (not really but very good enough).

 

[hannibal]

Nice to see that Nvidia is not suffering from bad gaming GPU demand...
🤣
This will just get better next year! The AI demand i just starting to rice even higher!

 

[Giroro]

I thought I had invested a few thousand dollars into Nvidia a couple years ago.
Turns out I had sold it and bought Intel instead. which has lost like 30% of it's value.
Bummer.