Xinhua Finance and Economics Shanghai, February 22 (Reporter Luo Maolin) Recently, Nvidia released its fourth quarter financial report for 2023, with a revenue of $22.1 billion in the fourth quarter, higher than analyst expectations of $20.41 billion.
Specifically, data center revenue was $18.4 billion, a year-on-year increase of over 400%, and higher than analyst expectations of $17.21 billion. In addition, the automotive business revenue was 281 million US dollars, and the gaming business revenue was 2.9 billion US dollars, both higher than expected.
The adjusted profit margin for the fourth quarter was 76.7%, with analysts expecting 75.4%; It is expected that the revenue for the first quarter of 2024 will be $24 billion, up and down no more than 2%, and analysts expect it to be $21.9 billion.
Nvidia claims that generative artificial intelligence has reached the tipping point. "Accelerating computing and generative AI have reached their tipping point, and the demand for companies, industries, and countries around the world is skyrocketing," said Huang Renxun, founder and CEO of Nvidia, "Our data center platform is driven by more and more diversified drivers. Whether it is the demand for data processing, training and reasoning from large cloud service providers and specialized GPU providers, or the demand from enterprise software and consumer Internet companies, the vertical industry led by automobile, financial services and healthcare has now reached the scale of billions of dollars."