Nvidia is tearing up the market.

The company reported for the second quarter

Nvidia has announced record results for the second quarter of fiscal 2024.

Revenue for the year doubled (by 101%) to $13.51 billion. In quarterly terms, it grew by 88%.

Nvidia is tearing up the market.

Much more impressive is net income, which for the quarter was $6.188 billion, representing an increase of 843%! Operating profit grew even stronger: by 1263%, to 6.8 billion dollars.

However, almost all of these impressive numbers are driven primarily by the success of the Data Center division. Given the hype around generative AI and, as a result, around AI accelerators, this is not surprising. The division brought the company 10.3 billion dollars against 3.8 billion a year earlier. For comparison: the gaming direction earned 2.5 billion against 2 billion a year ago.