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Nvidia posts record revenue up 265% on booming AI business
Nvidia's total revenue rose 265% from a year ago, based on strong sales for AI chips for servers.
Nvidia has been the primary beneficiary of the recent technology industry obsession with large artificial intelligence models, which are developed on the company's pricey graphics processors for servers. "Strong demand was driven by enterprise software and consumer internet applications, and multiple industry verticals including automotive, financial services and health care," the company said in commentary provided to investors. Nvidia has been the primary beneficiary of the recent technology industry obsession with large artificial intelligence models, which are developed on the company's pricey graphics processors for servers.
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