Nvidia reports $96.2B quarterly revenue, topping expectations
Nvidia posted better-than-expected quarterly earnings and $96.2 billion in quarterly revenue, with $89 billion from data centers. Semafor notes hyperscalers still account for a larger share of data-center revenue despite faster growth elsewhere.
The chipmaking giant, widely considered a bellwether for the AI market, crushed analysts’ expectations with $96.2 billion in quarterly revenue.
Nvidia posted better-than-expected quarterly earnings on Wednesday in a sign that the AI trade remains strong despite fears of an AI bubble.
The chipmaking giant, widely considered a bellwether for the health of the AI market, reported $96.2 billion in quarterly revenue, crushing analysts’ expectations, with $89 billion of the total coming from data centers alone.
The results, however, reveal that AI spending remains concentrated among a handful of buyers: Hyperscalers still account for a larger share of Nvidia’s data center revenue.
While revenue from AI-focused cloud startups, governments, and corporate customers grew faster than hyperscale revenue, “ the dependence is still there,” Bloomberg noted.