When there's a machine-learning gold rush, make sure you're the one selling the shovels
, the US giant's other segments had mixed results. Gaming revenues topped $2.5 billion during the quarter, up 22 percent on Q2 last year, and up a more modest 11 percent compared to Q1 FY2024.
Kress said the numbers reflected stronger sales of the company's 40-series desktop and notebook GPUs, particularly the budget focused RTX 4060 itNv's professional visualization division, which includes its workstation GPUs, fell 24 percent year over year during the quarter, raking in $379 million, but enjoyed a 28 percent bump compared to Q1 FY2024.
Looking ahead to the next earnings call, Nvidia doesn't expect the AI wave to break anytime soon. For Q3 FY2024, the biz is forecasting revenues of $16 billion plus or minus two percent. Nv's stock is up more than six percent to $503.46 apiece in after-hours trading. "Demand for our data center platform for AI is tremendous and broad based across industries and customers," Kress said, adding that the corporation is working to ramp up production of datacenter GPUs to meet this demand over the next few quarters. ®
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