Nvidia has introduced its earnings for the second quarter of this 12 months, revealing that the corporate has smashed information and crushed the identical quarter final 12 months by a ridiculous 101%.
Unsurprisingly, the largest good points got here from Nvidia’s knowledge centre section, which incorporates these cash spinning H100 GPUs (proven above) that are mentioned to price about $3,000 to provide, however reportedly promote for between $25,000 and $30,000. Good work if you may get it.
Anyway, knowledge centre earnings are up 171% on the identical quarter final 12 months and 141% on the earlier quarter. All instructed, Nvidia raked in $13.51 billion. Notably, knowledge centre incomes represented $10.31 billion of that total determine.
Commenting on the brand new numbers, Nvidia’s head honcho and pathological leather-based jacket exponent Jensen Huang mentioned, “a brand new computing period has begun. Firms worldwide are transitioning from general-purpose to accelerated computing and generative AI.”
He notably did not point out gaming graphics playing cards. At the very least not within the official feedback launched by Nvidia. Properly, earnings on these have been up too, albeit by a modest 22% on the identical quarter final 12 months and 11% on earlier quarter to $2.49 billion.
If these numbers collectively appear barely ridiculous, sit. As a result of Nvidia is predicting earnings of $16 billion for subsequent quarter. The corporate is, fairly merely, crushing it in AI.
Precisely how lengthy that can final is anybody’s guess. Even when the AI increase continues and even accelerates, it is laborious to think about the business will permit Nvidia to retain its present stranglehold.
Whether or not its firms like Microsoft and OpenAI designing and commissioning their very own AI inferencing chips, AMD offering competitors or startups like Tenstorrent getting in on the sport, in a few years from now Nvidia absolutely received’y have the market sown as much as the identical extent. Or possibly it should.
Within the meantime, it is easy to see why Nvidia is not fairly so focussed on gaming GPUs. Certainly, with these type of earnings to be created from AI, it is also simple to see why Nvidia would prioritise all of the capability it may get it palms on at manufacturing accomplice TSMC for the likes of H100. It is virtually stunning that it is bothering to make gaming GPUs in any respect.
All of which implies that is excellent news for Nvidia. However it sadly would not bode nicely for inexpensive gaming graphics playing cards.
