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NVIDIA records mega profits thanks to its AI chip business

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If you've been wondering who's making the most money from the AI boom, NVIDIA may have the answer in it's latest earnings report..

NVIDIA's prescience is now paying off with the company's flagship H100 Tensor Core GPU. It's also been building more complex systems like the HGX box, which puts eight H100 GPUs into a single computer. All of that helped it create immense cashflows with top customers spending heavily on NVIDIA GPU tech to build complex AI models — like Microsoft with its Azure segment.

In addition, the company's use of custom software and apps makes it difficult for customers to switch rivals like AMD."Our Data Center products include a significant amount of software and complexity which is also helping for gross margins," said NVIDIA finance chief Colette Kress in anAll that led to a perfect storm of profit."During the quarter, major cloud service providers announced massive NVIDIA H100 AI infrastructures.

 

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