Nvidia this year continued to outpace its rivals and dominate the market for GPUs, the chips used to develop #Artificial Intelligence . The company’s data center business, which includes sales of its GPUs and networking gear, generated nearly $100 billion in revenue in the 12 months ended in October. That’s up 66% from the same period a year prior. Investor enthusiasm for Nvidia’s financial results lifted its market capitalization above $3 trillion. Nvidia’s biggest customers include cloud computing providers and AI startups such as Elon Musk’s xAI, who use the chips to train and run large AI models. Nvidia grew faster than Advanced Micro Devices, its primary rival in GPUs, allowing it to gain market share. AMD’s data center revenue, which includes sales of its AI chips, totaled $11 billion in the 12 months ended in September, up roughly 54% from the same period a year earlier. Broadcom, which designs AI chips for Google, Apple and OpenAI, may now be Nvidia’s biggest rival. Broadcom reported $12.2 billion in revenue from designing custom AI chips and selling networking gear for AI, up 220% from the same period last year, as its customers look to reduce their reliance on Nvidia. #Data is beautiful

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a year ago

shared a media post in group #Data is beautiful via #The Most Important Thing

Nvidia this year continued to outpace its rivals and dominate the market for GPUs, the chips used to develop #Artificial Intelligence . The company’s data center business, which includes sales of its GPUs and networking gear, generated nearly $100 billion in revenue in the 12 months ended in October. That’s up 66% from the same period a year prior.

Investor enthusiasm for Nvidia’s financial results lifted its market capitalization above $3 trillion. Nvidia’s biggest customers include cloud computing providers and AI startups such as Elon Musk’s xAI, who use the chips to train and run large AI models.

Nvidia grew faster than Advanced Micro Devices, its primary rival in GPUs, allowing it to gain market share. AMD’s data center revenue, which includes sales of its AI chips, totaled $11 billion in the 12 months ended in September, up roughly 54% from the same period a year earlier.

Broadcom, which designs AI chips for Google, Apple and OpenAI, may now be Nvidia’s biggest rival. Broadcom reported $12.2 billion in revenue from designing custom AI chips and selling networking gear for AI, up 220% from the same period last year, as its customers look to reduce their reliance on Nvidia.

 #Data is beautiful

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