"The demand for tokens in the world has gone completely exponential. I think we're all seeing that, to the point where even our six-year-old GPUs in the cloud are completely consumed and the pricing is going up. The company reported $68 billion in revenue in the most recent quarter, up 73% from the prior year, with $62 billion of that revenue coming from the company's data center business."
"While small amounts of H200 products for China-based customers were approved by the US government, they have yet to generate any revenue, and we do not know whether any imports will be allowed into China. Our competitors in China, bolstered by recent IPOs, are making progress, and have the potential to disrupt the structure of the global AI industry over the long term."
Nvidia achieved record profitability in its latest quarter, generating $68 billion in revenue, a 73% increase from the prior year. Data center operations contributed $62 billion, split between $51 billion in compute revenue from GPUs and $11 billion in networking products. CEO Jensen Huang attributed the surge to exponential demand for AI tokens, noting that even six-year-old GPUs remain fully consumed with rising prices. The company reported $215 billion in annual revenue. Despite recent U.S. export restrictions being lifted, Nvidia generated no revenue from China chip exports, though small H200 product amounts were approved. CFO Colette Kress acknowledged Chinese competitors strengthened by recent IPOs pose potential long-term disruption to the global AI industry structure.
Read at TechCrunch
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