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NVIDIA Reports Record-Breaking Quarterly and Annual Revenues
Company Outperforms Expectations, Driven by Growth Across Business Segments
Key Highlights:
- Record quarterly Data Center revenue of $18.4 billion, up 27% from Q3 and 40.9% from a year ago
- Record full-year revenue of $60.9 billion, up 12.6%
- Q4 net income jumped to $12.3 billion, a 33% increase from Q3 and a 76.9% increase year-over-year
NVIDIA Corporation (NVDA) has announced record-breaking quarterly and annual revenues, driven by robust growth across its business segments. The company's Data Center segment, which includes products and services for artificial intelligence (AI) training and inference, continued to be a major driver of growth, with revenue increasing by 27% from the previous quarter and 40.9% from the same period a year ago.
Overall, NVIDIA's strong performance reflects the increasing demand for its products and services in various industries, including gaming, AI, and healthcare. Investors will be closely watching the company's upcoming earnings report on May 22, 2024, for further insights into its growth prospects.
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