Tuesday, May 9, 2017

AI drives Nvidia’s soaring sales

Nvidia had Q1 revenues of $1.94 billion – up 48% y-o-y. Q1 operating profit was $554 million, up 126% y-o-y. GPUs accounted for $1.56 billion of revenues. Gross margin increased 1.9% y-o-y to 59.4%. Gaming revenue rose 49% y-o-y to $1.027 billion, datacentre revenues neatly tripled y-o-y to $409 million and auto sales were $140 ...

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