In the News
NVIDIA revenues soar - has AI reached a tipping point?
22nd February 2024
AI has hit the tipping point according to the Boss of NVIDIA which dominates the market for AI chips. Profits are up 769% on the year before. The company has reported revenue of over $21 billion in the last three months. Soaring demand for their chips has propelled their share price to such an extent that NVIDIA has overtaken Google to become the world's 3rd most valuable tech company measured by market capitalisation.
“If you want to be successful, I would encourage you to grow a tolerance for failure.”
— Jon Erlichman (@JonErlichman) February 21, 2024
~ Nvidia CEO Jensen Huangpic.twitter.com/itiaZGLcT3
Nvidia declares AI ‘tipping point’ as quarterly revenues jump 265% https://t.co/tuKN8ynq0A
— Financial Times (@FT) February 21, 2024
Nvidia’s annual revenue:
— Jon Erlichman (@JonErlichman) February 21, 2024
2024: $60.9 billion
2023: $26.9 billion
2022: $26.9 billion
2021: $16.7 billion
2020: $10.9 billion
2019: $11.7 billion
2018: $9.7 billion
2017: $6.9 billion
2016: $5.0 billion
2015: $4.6 billion
2014: $4.1 billion
2013: $4.3 billion
2012: $3.9 billion
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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