AI is getting tremendous earning from NVidia, Revenue crosses 44 billion dollars with a rise of 69 percent

Nvidia: The first quarter income of the US computer-chip company Nvidia Corp has broken the records. The company’s revenue has reached $ 44.1 billion with a rise of 69 percent. There has been an increase of 73 percent in sales compared to the same quarter last year as the data center market moved forward.

Company loss of $ 4.5 billion

The company has achieved this place through many challenges. In the month of April this year, the US government banned the export of NVIDIA’s most advanced AI Chip H20 to China. This caused a strong loss of about $ 4.5 billion to the company. First the US government told the company that a license would be required to send H20 chips to China and then it was told that this rule would remain in force indefinitely. Due to this, the company’s shares also declined drastically.

Performance of data center division is the best

Its data center has been the most spectacular performance in Nvidia’s earning report, which earned a revenue of $ 39.1 billion. This is 88 percent of the company’s total revenue. The demand for Artificial Intelligence (AI) chips of Nvidia, especially large cloud providers and AI is increasing for supercomputes. The company also said that due to partnership with Openai, Microsoft has installed thousands of blackwell GPU of NVIDIA in its server room and the company wants to increase its number even further.

AI infrastructure products increasing demand

A tremendous sales of Nvidia’s AI Infrastructure Products have been seen, including Blackwell NVL 72 AI Supercomputer. Nvidia CEO Jensen Huang said, as the scope of Artificial Intelligence is increasing, the demand for AI computing will continue. Nvidia will also emerge rapidly amidst this change in the sector of technology. He said, now AI is being identified in the world as essential infrastructure like electricity, internet.

The company’s income also increased

Nvidia’s net income has also increased in the first quarter, with an increase of 26 percent from last year to $ 18.8 billion to $ 18.8 billion or $ 0.76 per share. The company’s gross margin was described as 60.5 percent on GAAP BASI and 61.0 percent on non-gaap basis. If you leave the charge of $ 4.5 billion, then the non-gaap gross margin would have been 71.3 percent.

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