Significant gains in autopilot, artificial intelligence, Nvidia Q2 revenue soaring


[Netease smart news August 12 news] the world's largest graphics chip and artificial intelligence chip maker - Nvidia has been relying on artificial intelligence, game graphics, Nintendo Switch game and driverless car chips to obtain revenue. Recently, Nvidia said in its report that its second-quarter revenue reached 2.2 billion US dollars, which far exceeds Wall Street expectations.

Analysts had expected that according to GAAP, earnings per share would be 70 cents, with quarterly revenue of $1.96 billion and net profit of 92 cents per share, compared to just 41 cents a year ago. And, Nvidia’s revenue was only $1.4 billion a year ago.

Founded in 1993, Nvidia is one of dozens of graphics chip startups. It survived fierce competition and became the only independent graphics chip manufacturer to compete directly with CPU makers Intel and AMD. It provides graphics chips for the Nintendo Switch, but most of its wealth now comes from driverless cars and artificial intelligence. As we all know, its competitors also include the powerful Qualcomm.


The CEO and CEO of NVIDIA, Huang Renxun, said in a statement: “The Nvidia graphics processor (GPU) has been adopted by more and more people, which has contributed to our business growth. Data center revenue has increased 2.5 times. More and more car and robot taxi companies have chosen our DrivePX driverless computing platform. At the same time, we are the fastest growing platform in the field of gaming, which is increasingly becoming the most popular form of entertainment in the world. That is, GeForce and Nintendo Switch provide power."

In addition, he added, "Almost every industry and company is beginning to realize the power of artificial intelligence. Our new Volta GPU is the most complex processor ever built, and it is compared to the best GPU we have created in four years. It We can provide 100 times faster learning for deep learning.This quarter, we delivered a large number of Volta to leading artificial intelligence users.This is a new era of artificial intelligence, and Nvidia's GPU has become the brain of artificial intelligence.We have unlimited in front of us. opportunity."

As people’s enthusiasm for artificial intelligence is rising, the market value of Nvidia has risen dramatically in the past few years to reach US$ 98.5 billion. Nvidia expects its third-quarter revenue will reach 2.35 billion US dollars, the quarter will end at the end of October. Nvidia's stock price fell 4.5% in after-hours trading, reaching 156.85 US dollars per share.

"NVIDIA's quarterly results are very strong, thanks to the substantial growth of games and data centers." Analyst Patrick Moorhead said in an e-mail, "Geforce, Tesla and Tegra are all doing their best to expand in the fast-growing market. It’s a good thing for Nvidia and its only real stigma comes from putting an anticipation of an Intel intellectual property licensing agreement.Nvidia will face more competition in games and machine learning in the next two quarters, but I It is expected that on Volta-based GPUs, the company will still have considerable original performance." (From: VB Compilation: NetEase Unbreakable Smart Compilation Platform Reviewer: Jayne)

Pay attention to NetEase smart public number (smartman163), get the latest report of artificial intelligence industry.

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