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Appeared on: Friday, February 09, 2018
Nvidia Reports High Revenue on High GPU Demand

Nvidia reported a 34 percent jump in quarterly revenue on Thursday, as a result of strong demand for its graphics chips used in data centers, gaming devices and in cryptocurrency mining.

Revenue from Nvidia's data center business more than doubled to $606 million.

Nvidia received a boost after the launch of Volta chips in May as part of its new Tesla GPU that will power systems from artificial intelligence to driverless cars.

"Virtually every internet and cloud service provider has embraced our Volta GPUs," Nvidia's founder anf Chief Executive Officer Jensen Huang said in a statement.

Nvidia's revenue from gaming rose 29 percent to $1.74 billion, accounting for a more than half of its total revenue in the fourth quarter.

Total revenue rose to $2.91 billion from $2.17 billion.

"We achieved another record quarter, capping an excellent year," said Huang. "In a powerful sign of our progress, attendees at NVIDIA's GPU Technology Conferences reached 22,000, up tenfold in five years, as software developers working in AI, self-driving cars, and a broad range of other fields continued to discover the acceleration and money-saving benefits of our GPU computing platform.

"Industries around the world are racing to incorporate AI. Virtually every internet and cloud service provider has embraced our Volta GPUs. Hundreds of transportation companies are using our NVIDIA DRIVE platform. From manufacturing and healthcare to smart cities, innovators are using our platform to invent the future," he said.



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