Nvidia is a leading American tech company that produces GPUs, CPUs, and AI products for gaming, data centers, and other computing applications. The company's surge in demand due to OpenAI's popular ChatGPT technology is reflected in its stock price, which has now closed in on $1 trillion. CEO Jensen Huang has noted accelerated computing as a key driver for revenue growth.
Nvidia, the world's leading AI and graphics chip manufacturer reported revenue of $7.19 billion for its first fiscal quarter ended April 30. This is 13% lower than the previous year, but higher than predicted. Their data center revenue for Q1 was a record high of $4.28 billion, showing signs of recovery. The GeForce RTX family of GPUs was welcomed with Ada Lovelace architecture and DLSS, starting at $299. They also added 36 DLSS powered gaming titles to GeForce Now, bringing the total to over 1,600.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?