tech
Nvidia sales soar on rapid buildout of AI data centres
Chip giant Nvidia has reported another huge jump in sales as the global push to build artificial intelligence (AI) systems continues at a rapid pace.
TL;DR
- Nvidia reported second-quarter revenue of $96 billion, more than double the previous year.
- The company expects revenue of $108 billion in the next quarter.
- Nvidia's data center division revenue grew by 117% to $89 billion.
- Key tech companies like Amazon, Meta, Google, and Microsoft rely on Nvidia chips for AI development.
- Nvidia has become the world's most valuable firm with a market capitalization exceeding $5 trillion.
- The company is also investing in AI startups like OpenAI and Anthropic.