Nvidia said in its latest earnings report that it expects to reach $100 billion in quarterly revenue, a threshold previously reached by Amazon, Apple, and Alphabet. The company reported a record $10 billion increase from the prior quarter. Its data center segment alone more than doubled year-over-year to a record $59.7 billion. The report also references Nvidia’s “edge computing” category, which includes its consumer gaming products.
Why it matters
Surpassing $100 billion in quarterly revenue would place Nvidia among a small group of the largest technology companies. The sharp growth in data center revenue points to continued demand for its hardware.
Who should care
Investors, industry analysts, and companies that rely on Nvidia’s data center and computing products have a direct interest in these figures and the company’s revenue trajectory.