NVIDIA has had an impressive financial year, reflecting its growing dominance in AI and data center solutions. For Q2 2024, NVIDIA reported a record revenue of $30 billion, up 122% from the same quarter the previous year. This growth was driven by its Data Center segment, which alone brought in $26.3 billion in revenue, a significant jump fueled by the surging demand for AI computing .
NVIDIA’s other business segments also performed well:
• Gaming contributed $2.49 billion, boosted by the continued success of the GeForce RTX 40 series.
• Professional Visualization and Automotive segments posted modest improvements, with $379 million and $253 million in revenue, respectively .
On the stock side, NVIDIA has been a top performer, with its stock price soaring by over 239% in 2023, driven by its leadership in AI and GPU technology. This remarkable growth has attracted significant attention from both institutional and individual investors .
For detailed financial reports, stock history, and performance metrics, you can explore NVIDIA’s Investor Relations page .