{"id":1205567,"date":"2023-11-22T14:51:01","date_gmt":"2023-11-22T19:51:01","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1205567"},"modified":"2023-11-22T14:51:01","modified_gmt":"2023-11-22T19:51:01","slug":"nvidias-earnings-are-up-206-from-last-year-as-it-continues-riding-the-ai-wave","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1205567","title":{"rendered":"Nvidia\u2019s earnings are up 206% from last year as it continues riding the AI wave"},"content":{"rendered":"<div id=\"rss-wrap\">\n<figure class=\"intro-image intro-left\">\n  <img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2023\/11\/nvidia-ai-gpu-800x407-1.jpe\" alt=\"Nvidia's AI-accelerating GPUs are driving its revenue numbers to new heights.\" \/><\/p>\n<p class=\"caption\" style=\"font-size:0.8em\"><a href=\"https:\/\/cdn.arstechnica.net\/wp-content\/uploads\/2023\/11\/nvidia-ai-gpu.jpeg\" class=\"enlarge-link\" data-height=\"1240\" data-width=\"2440\">Enlarge<\/a> <span class=\"sep\">\/<\/span> Nvidia&#8217;s AI-accelerating GPUs are driving its revenue numbers to new heights. (credit: Nvidia)<\/p>\n<\/figure>\n<div><a name=\"page-1\" \/><\/div>\n<p>Most Ars readers still probably know Nvidia best for its decades-old GeForce graphics cards for gaming PCs, but these days Nvidia&#8217;s server GPU business makes GeForce look like a hobby project.<\/p>\n<p>That&#8217;s the takeaway from <a href=\"https:\/\/nvidianews.nvidia.com\/news\/nvidia-announces-financial-results-for-third-quarter-fiscal-2024\">Nvidia&#8217;s Q3 earnings report<\/a>, which shows Nvidia&#8217;s revenue up 206 percent from the same quarter last year and 34 percent from <a href=\"https:\/\/arstechnica.com\/information-technology\/2023\/08\/nvidia-thinks-ai-boom-is-far-from-over-as-gpu-sales-drive-big-earnings-win\/\">an already-very-good Q2<\/a>. Of the company&#8217;s $18.12 billion in revenue, $14.51 billion was generated by its data center division, which includes AI-accelerating chips like <a href=\"https:\/\/arstechnica.com\/information-technology\/2023\/11\/nvidia-introduces-its-most-powerful-gpu-yet-designed-for-accelerating-ai\/\">the H200 Tensor Core GPU<\/a> as well as other cloud and server offerings.<\/p>\n<p>And though GeForce revenue was a much smaller $2.86 billion, this was still a solid recovery from the same quarter of Nvidia&#8217;s fiscal 2023, when GeForce GPUs earned just $1.51 billion and were down 51 percent compared to fiscal 2022. Nvidia has released several new mainstream GeForce RTX 40-series GPUs this year, including <a href=\"https:\/\/arstechnica.com\/gadgets\/2023\/06\/geforce-rtx-4060-review-not-thrilling-but-a-super-efficient-299-workhorse\/\">the $299 RTX 4060<\/a>. And while these more affordable GPUs aren&#8217;t staggering upgrades from previous-generation cards, Steam Hardware Survey data shows the RTX 4060 and 4060 Ti are being adopted pretty quickly, more than can be said of competing GPUs like <a href=\"https:\/\/arstechnica.com\/gadgets\/2023\/05\/review-amds-269-rx-7600-is-a-good-1080p-card-but-the-rtx-4060-looms\/\">AMD&#8217;s RX 7600<\/a> or Intel&#8217;s Arc series.<\/p>\n<\/div>\n<p><a href=\"https:\/\/arstechnica.com\/?p=1986147#p3\">Read 4 remaining paragraphs<\/a> | <a href=\"https:\/\/arstechnica.com\/?p=1986147&amp;comments=1\">Comments<\/a><\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nSource: Ars Technica &#8211; <a href=\"https:\/\/arstechnica.com\/?p=1986147\" target=\"_blank\" rel=\"noopener\">Nvidia\u2019s earnings are up 206% from last year as it continues riding the AI wave<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enlarge \/ Nvidia&#8217;s AI-accelerating GPUs are driving its revenue numbers to new heights. (credit: Nvidia) Most Ars readers still probably know Nvidia best for its decades-old GeForce graphics cards for gaming PCs, but these days Nvidia&#8217;s server GPU business makes &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1205567\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1205568,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,110],"tags":[73],"class_list":["post-1205567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ars-technica","category-unfiltered-rss","tag-ars-technica"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1205567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1205567"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1205567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1205568"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1205567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1205567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1205567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}