Nvidia has introduced its income for the second quarter of this yr, revealing that the corporate has smashed information and overwhelmed the identical quarter final yr by a ridiculous 101%.
Unsurprisingly, the most important good points got here from Nvidia’s information centre section, which incorporates these cash spinning H100 GPUs (proven above) that are stated to value about $3,000 to provide, however reportedly promote for between $25,000 and $30,000. Good work if you will get it.
Anyway, information centre income are up 171% on the identical quarter final yr and 141% on the earlier quarter. All instructed, Nvidia raked in $13.51 billion. Notably, information centre incomes represented $10.31 billion of that total determine.
Commenting on the brand new numbers, Nvidia’s head honcho and pathological leather-based jacket exponent Jensen Huang stated, “a brand new computing period has begun. Firms worldwide are transitioning from general-purpose to accelerated computing and generative AI.”
He notably did not point out gaming graphics playing cards. A minimum of not within the official feedback launched by Nvidia. Nicely, earnings on these have been up too, albeit by a modest 22% on the identical quarter final yr and 11% on earlier quarter to $2.49 billion.
If these numbers collectively appear barely ridiculous, sit down. As a result of Nvidia is predicting income of $16 billion for subsequent quarter. The corporate is, fairly merely, crushing it in AI.
Precisely how lengthy that can final is anybody’s guess. Even when the AI increase continues and even accelerates, it is laborious to think about the business will enable Nvidia to retain its present stranglehold.
Whether or not its corporations like Microsoft and OpenAI designing and commissioning their very own AI inferencing chips, AMD offering competitors or startups like Tenstorrent getting in on the sport, in a few years from now Nvidia certainly gained’y have the market sown as much as the identical extent. Or possibly it’ll.
Within the meantime, it is simple to see why Nvidia is not fairly so focussed on gaming GPUs. Certainly, with these form of income to be made out of AI, it is also straightforward to see why Nvidia would prioritise all of the capability it may well get it fingers on at manufacturing companion TSMC for the likes of H100. It is virtually shocking that it is bothering to make gaming GPUs in any respect.
All of which implies that is excellent news for Nvidia. However it sadly would not bode effectively for reasonably priced gaming graphics playing cards.