NVIDIA, the global leader of graphics processing units (GPUs), recently released its financial report for the 2024 fiscal year, showing that the company's annual revenue reached a historic high of $60.9 billion. Among them, the performance of data center business is particularly impressive, with quarterly revenue increasing fourfold year-on-year, becoming an important engine driving the company's performance growth.
According to the report, Nvidia's data center business revenue reached a record high of $10 billion in the fiscal year 2024, a four fold increase compared to the same period last year. This achievement is attributed to the company's continuous investment and innovation in fields such as artificial intelligence (AI), cloud computing, and high-performance computing. With the strong growth of data centers, Nvidia's position in the global semiconductor market has been further consolidated.
Nvidia CEO Huang Renxun said, "The 2024 fiscal year is a fruitful year for us, especially in the data center business. We are committed to providing customers with the most advanced GPU and AI technology, driving innovation in areas such as data centers, cloud computing, and autonomous driving. These efforts are gradually being translated into performance growth."
In the field of AI, Nvidia's GPUs and deep learning platforms are widely used in research and business scenarios, providing strong computing power support for the development of AI. At the same time, Nvidia has also launched Tensor Core GPUs for the data center market, further meeting the needs of AI computing.
In terms of cloud computing, Nvidia closely collaborates with major cloud service providers around the world to launch GPU based cloud computing services, providing users with high-performance computing capabilities. In addition, Nvidia has also launched solutions for virtual desktops, cloud games, and other scenarios, further expanding the application areas of data center business.
It is worth mentioning that Nvidia has also achieved significant results in its layout in the field of autonomous driving. The company's Drive AGX series platform has been widely used in the field of autonomous driving, and has established cooperative relationships with multiple automobile manufacturers and autonomous driving technology companies.
In addition to its data center business, Nvidia has also performed exceptionally well in areas such as gaming, professional visualization, and automotive. The gaming business has always been NVIDIA's cash cow, with a revenue of $17 billion in fiscal year 2024, a year-on-year increase of 20%. The professional visualization business and automotive business achieved year-on-year growth of 30% and 40% respectively.
In terms of technological innovation, Nvidia has launched the RTX 30 series graphics card, which adopts a new Ampere architecture and significantly improves performance, and has been warmly welcomed by the market and consumers. In addition, Nvidia has also launched the Quadro RTX series graphics cards for the professional graphics market, providing creators and designers with powerful graphics processing capabilities.
Facing the future, Nvidia stated that it will continue to increase research and development investment to promote the development of GPU and AI technologies. Huang Renxun said, "We will continue to be committed to innovation and provide faster and more powerful computing power to global users. NVIDIA has enormous development potential in fields such as AI, data centers, and autonomous driving."
Analysts believe that Nvidia's strong performance in its data center business will further consolidate
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