Connect with us

Hi, what are you looking for?

ContributionAmericans.comContributionAmericans.com

Tech News

Nvidia just made $6 billion in pure profit over the AI boom

Nvidia’s logo.
Illustration by Alex Castro / The Verge

Roughly three months after joining Apple, Amazon, Google, and Microsoft among the world’s trillion-dollar companies — on the back of the AI boom — Nvidia is now making far more money than it’s ever made before.

The company raked in $13.5 billion in revenue since May, it revealed in its Q2 2024 earnings, with the unprecedented demand for its generative AI chips blowing past any difficulty it might have had selling desktop and laptop GPUs into a shrinking PC industry. Data center accounted for a record $10.32 billion of that revenue, more than doubling in just one quarter, and Nvidia made $6.188 billion in profit as a result — up 843 percent year over year. And while gaming is more than a billion dollars short of pandemic highs, it was…

Continue reading…

You May Also Like

Politics

You’re driving on a two-lane road and see cars headed your way. Do you drive off the road to protect yourself or your family?...

Editor's Pick

Jeffrey A. Singer On the same day that the Food and Drug Administration allowed women over‐​the‐​counter access to one progestin‐​only birth control pill, Rep....

Editor's Pick

Marc Joffe Last week the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies approved a Fiscal Year 2024 budget that forbids...

Editor's Pick

Adam N. Michel I recently testified before the House Ways and Means Tax Subcommittee on the Organisation for Economic Cooperation and Development’s (OECD) Two...