snippet:

Getting into business unit specifics, Nvidia’s Data Center group chalked-up $14.5 billion in revenue for the quarter, resulting in a 41% sequential gain and a massive 279% quarter on quarter lift over the same period last year. Nvidia’s Data Center business is also likely its highest margin business, where the company’s GPU accelerator technology has become the de facto standard for AI workload processing. ““Our strong growth reflects the broad industry platform transition from general-purpose to accelerated computing and generative AI,” noted Jensen Huang, founder and CEO of Nvidia. “Large language model startups, consumer internet companies and global cloud service providers were the first movers, and the next waves are starting to build. Nations and regional CSPs are investing in AI clouds to serve local demand, enterprise software companies are adding AI copilots and assistants to their platforms, and enterprises are creating custom AI to automate the world’s largest industries.”