NVIDIA revenue set new records in its latest quarter, fueled by surging demand for its graphics processing units (GPUs)—largely to power artificial intelligence and generative AI models.

The Silicon Valley tech firm reported total revenue of $13.51 billion in its fiscal second quarter ending July 30,representing a 101% increase versus the same period last year. Revenue jumped 88% over the previous quarter.

“A new computing era has begun,” NVIDIA founder and CEO Jensen Huang said in a statement. “Companies worldwide are transitioning from general-purpose to accelerated computing and generative AI.”

Huang called out the architecture surrounding its GPUs, including networking and switch technologies and its CUDA AI software stack, saying that together, the components “make up the computing infrastructure of generative AI.”

A key driver was NVIDIA’s data center segment, which manufactures GPUs for high-performance computing and cloud applications. This division produced record revenue of $10.32 billion, up 171% annually and 141% over the prior quarter.

“Strong demand for the NVIDIA HGX platform—based on our Hopper and Ampere GPU archite

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Author: Decrypt AI, Edited by Ryan Ozawa

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