NVIDIA has released its financial performance for the fourth quarter and full year of fiscal year 2024, ending January 28, 2024, with a nearly 6-fold increase in annual net profit.
The report indicates that in the fourth quarter of fiscal year 2024, NVIDIA's revenue was $22.103 billion, a year-over-year increase of 265%; net profit was $12.285 billion, a year-over-year increase of 769%.
For the full fiscal year 2024, revenue amounted to $60.922 billion, up 126% year-over-year; net profit reached $29.760 billion, marking a 581% year-over-year increase.
It's worth mentioning that NVIDIA's data center revenue reached a record $18.4 billion in the fourth quarter, representing a staggering 409% year-over-year growth.
NVIDIA anticipates revenue for the first quarter of fiscal year 2025 to be $24 billion, with a variance of up to 2%.
Huang Renxun stated in the financial report that the acceleration of computing and generative AI has reached an inflection point, with surging demand globally from companies, industries, and nations.
"NVIDIA RTX, introduced less than six years ago, has now evolved into a massive PC platform, serving 100 million gamers and creators utilizing generative AI technology.
Over the next year, we will witness a new significant product cycle, driving the industry forward with outstanding innovation. Join us at the upcoming GTC next month, where NVIDIA, along with our rich ecosystem, will unveil an exciting future."
He emphasized that the coming year will usher in a significant new product cycle, bringing exceptional innovation to propel the industry forward.
Obviously, NVIDIA hit another milestone in its journey last year. Since its establishment in 1993, NVIDIA has always been committed to driving technological advancement, evolving from its initial graphics chip design business to becoming a provider of full-stack artificial intelligence computing solutions, with its influence permeating various industries.
NVIDIA's GPU (Graphics Processing Unit) technology has not only propelled the development of the PC gaming market and redefined computer graphics technology but has also played a crucial role in scientific fields such as data collection in projects like the Laser Interferometer Gravitational-Wave Observatory (LIGO) through GPU-accelerated computing.
In 2006, NVIDIA invented the parallel computing platform and programming model CUDA, which had a significant impact on subsequent artificial intelligence technologies. With the rapid development of AI technology, NVIDIA has become a leader in the AI field, leveraging its powerful computing capabilities and deep software ecosystem.
In 2021, NVIDIA launched the NVIDIA Omniverse platform for graphics simulation and simulation, aiming to play a foundational role in building the metaverse. This innovation once again demonstrates NVIDIA's leading position at the forefront of technology and heralds its boundless possibilities in the future of technology.
In addition to commercial success in areas such as automotive, AI factories, and gaming, NVIDIA's GPU computing has also played an important role in the scientific field.
NVIDIA's GPU computing provides robust support for scientific research, helping scientists successfully detect the first gravitational waves. This achievement not only proves the advanced nature of NVIDIA's technology but also demonstrates its determination and strength in driving scientific progress.
As one of the Fortune Global 2000 and Fortune 500 companies, NVIDIA has repeatedly won the top award of the World Artificial Intelligence Conference, "Outstanding AI Leader." In July 2020, NVIDIA surpassed Intel in market value for the first time, becoming the highest valued chipmaker in the United States.
