From ExtremeTech: Nvidia has posted its earnings for Q1 of fiscal 2025, showing that the company's trip to the moon is still underway. The company broke existing earnings records set in the previous quarter by earning $26 billion overall, with $22 billion coming from its data center business. If Nvidia was still on the fence about transforming into an AI company instead of a GPU company, this should seal the deal.
The company posted its latest quarterly earnings, which show its revenues are still exploding thanks to the AI boom currently engulfing the tech world. The $22 billion it earned from its data center business for the quarter equals the earnings for the entire company last quarter. Additionally, that $22 billion represents a 23% increase from the previous quarter and a 427% increase year-over-year, highlighting how explosive its growth has been. As you may recall, Nvidia announced its next-generation Blackwell architecture this quarter. A launch of that size only happens typically every two years, so it's no surprise the company once again exceeded earning expectations.
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