Nvidia has reported its financial results for the fourth quarter, showcasing a revenue of $22.1 billion, which is 22% higher than Q3 and an impressive 265% increase from the previous year.
For the full fiscal year, Nvidia’s revenue reached $60.9 billion, marking a 126% rise year-over-year. Key factors contributing to this success include their AI platform and data center services. The data center segment alone saw a 27% increase from Q3, totaling $18.4 billion, and a remarkable 409% increase from 2023. Looking ahead to fiscal 2025, the company anticipates revenue to hit $24 billion.
This remarkable growth has positioned Nvidia as the third-most valuable publicly traded company in the U.S., surpassing Amazon and Alphabet, and now trailing only Microsoft and Apple. The results highlight the growing importance and market potential of AI technologies.
Nvidia’s founder and CEO, Jensen Huang, emphasized that new major products are on the horizon: “Accelerated computing and generative AI have hit a tipping point. Demand is surging worldwide across companies, industries, and nations. Our Data Center platform is driven by diverse needs, including data processing, training, and inference from large cloud-service providers as well as specialized GPU vendors, enterprise software, and consumer internet companies. Vertical industries—including automotive, financial services, and healthcare—are now reaching multibillion-dollar levels.”
However, challenges may arise as the U.S. imposes trade restrictions on China, potentially affecting Nvidia’s access to supply chains and future development. Additionally, competition and regulatory constraints could pose further hurdles.
Recently, Nvidia announced a collaboration with Google to launch AI platforms for Gemma, Google’s open language model. Gemma aims to be operable across various systems to reduce costs and enhance efficiency. The development continues to utilize Nvidia’s technology to run on the same platforms as Gemini models.