Data center revenue, which includes server GPUs, networking, and AI cloud software, has nearly tripled over the past five quarters to $10.3 billion, making it Nvidia's largest segment. The company is investing heavily in next-generation platforms like its Hopper architecture to maintain its lead in AI workload accelerated computing. Nvidia reported $2.04 billion in R&D spending in Q2 FY2024, up 10% from $1.82 billion in Q2 FY2023, demonstrating its commitment to innovative technologies.
Key takeaways:
- Nvidia reported record Q2 revenue of $13.51 billion, up 101% year-over-year, with its data center segment growing 171% annually to $10.32 billion, representing 76% of total revenue.
- Nvidia is proving to be a key player in AI innovation, with rapid product development, strong alliances, and a growing platform attracting software developers. This strategy has led to a 229% growth in total revenue over the past 5 quarters.
- Data center revenue, which includes server GPUs, networking, and AI cloud software, has nearly tripled over the past five quarters to $10.3 billion, becoming Nvidia's largest segment.
- Nvidia is heavily investing in R&D for next-generation platforms like its Hopper architecture to maintain its lead in AI workload accelerated computing. The company reported $2.04 billion in R&D spending in Q2 FY2024, up 10% from $1.82 billion in Q2 FY2023.