NVIDIA Reports Record Revenue in 2023
Leading GPU Company Drives Growth in AI and Data Center Markets
NVIDIA, the pioneer of GPU-accelerated computing, reported record full-year revenue of $60.9 billion in 2023, an increase of 126%. The company's strong performance was driven by growth in AI and data center markets.
In the third quarter of 2023, NVIDIA's revenue reached $18.12 billion, up 20.6% from a year ago and up 3.4% from the previous quarter. The company's data center business was a key driver of growth, with revenue increasing by 31% year-over-year. NVIDIA's AI platform is also gaining traction, with revenue increasing by 85% year-over-year.
NVIDIA's outlook for the third quarter of fiscal 2024 is positive. The company expects revenue to be $16.00 billion, plus or minus 2%. NVIDIA is also investing heavily in new technologies, such as cloud computing and autonomous driving.
Conclusion
NVIDIA is well-positioned for continued growth in the years to come. The company's strong financial performance and investment in new technologies will continue to drive its success.
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