With so much flying, NVidia eventually reached the stratosphere. This is an image that sums up the results of the #1 AI engine vendor well. To give you an idea, NVidia’s quarterly net profit is almost equal to the combined quarterly turnover of Intel and AMD!
Analysts’ estimates were very high, even bold. However, the results released by NVidia for the first calendar quarter of 2024 (ended April 28, actually its 1this one fiscal quarter 2025) easily exceed them. Proof that despite AMD and Intel’s desire to impose themselves as competitors, the desire for hyperscaler autonomy with their own chips and the lack of inventory in the GPU market, NVidia’s accelerators remain the main driver of learning and development of generative artificial intelligence that invades our daily lives .
For its first quarter of 2024 NVidia traffic fly away again 262% (compared to Q1-2024) at 26 billion dollars (ie 18% better than the previous record quarter – Q4-2023). Of these 26 billion, 22.6 billion comes from the Data Center division which provides GPUs for enterprise servers, leading HPCs and cloud hyperscalers.
THE net profit quarterly amounts 14.8 billion dollars growing by 628% compared to the first quarter of last year.
Obviously, comparing the first quarter of 2023 (ChatGPT just turned everything upside down, Bing AI and Google Bard announced but not available) to the first quarter of 2024 (while AI is ubiquitous) doesn’t make much sense.
” Growth in our data center division is driven by strong and increasing demand for generative AI training and inference on our Hopper platform “, explains Jensen Huang, CEO of NVIDIA, ua communicated. ” Beyond cloud service providers, generative AI has spread to consumer internet companies as well as sovereign AI clients, automotive and healthcare, creating multi-billion dollar market verticals. »
At $2.6 billion, the Gaming division (once the engine of the brand’s activity) is happy with annual growth of 18%. GPU’s Workstation (“Professional Visualization”) and Automotive (“Automotive & Robotics”) divisions seem dwarfed by the “Data Center” division with their quarterly sales of $427 million (up 45%) and 329 USD million (an increase of 11%).
A major stock split
Not surprisingly, when the results were announced, NVidia’s stock jumped again and exceeded the ceiling for the first time. $1,000 per share. What wears his capitalization above the bar 2,500 billion dollars.
At the same time, it will maintain its dynamism in the markets, the company announced the division of its shares at a ratio of 10 for 1.
After some of its big tech peers handed out bigger quarterly payouts to their shareholders, NVidia also announced an increase in its dividend.
Processors for Copilot+ PC coming soon?
Obviously, such a rise cannot last forever. Tech giants have reached their ceilings in terms of investment in artificial intelligence and are unlikely to go any further (for example, Microsoft has invested 50 billion worth of investments in the cloud and artificial intelligence in the last 12 months). NVidia therefore expects its traffic to grow by “only” 2% in the second quarter of 2024., that is, a three-month turnover of 28 billion data (which would remain more than 26.6 billion as predicted by analysts). However, all lights remain green. ” We are ready for our next wave of growth. Platform Blackwell is in full production and represents the basis for generative artificial intelligence on the scale of a trillion parameters. Spectrum-X it opens up a whole new market for us to bring AI into Ethernet-only data centers. AND NVIDIA NIM is our new software offering that delivers enterprise-grade generative AI optimized to run on CUDA anywhere—from the cloud to on-premises data centers and RTX AI compute—through our extensive network of ecosystem partners » Jensen Huang recalled.
However, NVidia also wants to find new growth levers, so new playgrounds, and it seems that it does not want to leave the “Copilot+ PC” market to Qualcomm.
While rumor NVidia has been interested in Windows and PC processors for over a year, Jensen Huang hinted during the post-earnings conference that ” the arrival of Copilot+ PC opens up new opportunities for innovation » restart all rumours the 2025 arrival in NVidia of an ARM PC processor that combines “CPU, GPU and NPU” within the same chip to compete with Qualcomm’s Snapdragon X.