Nvidia's earnings beat Wall Street expectations as it rakes in cash on the back of surging AI demand

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Chris' gaming experiences go back to the mid-nineties when he conned his parents into buying an 'educational PC' that was conveniently overpowered to play Doom and Tie Fighter. He developed a love of extreme overclocking that destroyed his savings despite the cheaper hardware on offer via his job at a PC store.

You don't need ChatGPT to tell you that AI is big business. Nvidia is making an absolute killing. Yet, for all the buzz and talk about AI, and Nvidia's understandable shift of attention to where the big money is, its gaming business continues to thrive.on Wednesday, raking in $22.1 billion in revenue for the quarter, up 265% from a year ago. Its revenue from data centers, where the big AI bucks come from, was up by over 400% from the same period last year, reaching $18.4 billion.

Nvidia's founder and CEO, Jensen Huang, explained:"Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations." is scheduled to take place from March 18. Its focus will be—you guessed it—AI. Huang is expected to preview the B100 GPGPU which will no doubt be in high demand from the Googles, Metas and Amazons of the world.

 

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