(San Francisco) Nvidia concluded a record year in great shape, with 22 billion dollars in turnover for the period from November to January and 12.3 billion in net profit, results well above its forecasts and expectations of the market.
The artificial intelligence (AI) chip giant has been riding the generative AI craze over the past year and interest in these electronic components is not waning. Nvidia is counting on 24 billion in turnover for the current quarter.
In all, over its entire annual fiscal year which ended at the end of January, the Santa Clara (California) group achieved nearly $61 billion in revenue and multiplied its profits sixfold, to nearly $30 billion. , according to a results press release published Wednesday.
Enough to impress Wall Street: Nvidia’s stock jumped more than 7% during electronic trading after the close of the New York Stock Exchange.
Unknown to the general public until a year ago, the American company manufactures graphics cards and processors initially designed for the needs of video games.
They have become essential to developers of generative artificial intelligence models (OpenAI, Meta, Google, etc.), because they offer the computing power necessary for managing massive quantities of data.
Nvidia’s graphics cards power servers in data processing centers, a sector that has become the group’s main customer, with quarterly turnover quadrupling in one year to $18.4 billion.
“The next generation of computing and generative AI are at a turning point. Demand is exploding around the world, from companies, industries and nations,” said Jensen Huang, founder and CEO of Nvidia, quoted in the press release.