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NVIDIA is (really) profiting from the AI boom


NVIDIA has revealed that its revenue for the second quarter ending on July 27 rose 56 percent compared to the same period last year, and that's without shipping any H20 chips to China.

NVIDIA has revealed that its revenue for the second quarter ending on July 27 rose 56 percent compared to the same period last year, and that's without shipping any H20 chips to China. The company designed the H20 specifically for the Chinese market, but the US government blocked its shipment earlier this year over concerns it could aid the nation's military. The new product line, which is designed for advanced AI, reached $27 billion in sales and represented 50 percent of the company's data center revenue.

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