Nvidia Breaks Records: Doubled Revenues in 2024 Behind Blackwell
During 2024, the company reported revenues of $130.5 billion, increasing 114% from the previous fiscal year. Higher demand for AI capabilities and specifically the Blackwell GPU supported the results. A key factor in the results was the Data Center segment, which reported a record-breaking $35.6 billion in revenue for the fourth quarter.
- The surge in demand for Nvidia's Blackwell GPUs underscores the significant role that specialized hardware can play in driving growth for companies at the forefront of emerging technologies.
- How will the increasing competition from other AI-focused companies and the evolving regulatory landscape impact Nvidia's ability to maintain its market leadership in the long term?