NVIDIA's H200 AI Chip Sales Surge to Double-Digit Billions in Q3, Data Center Revenue Up 112% YoY, 17% QoQ

Nov 21, 2024, 02:34 PM

NVIDIA Corp. reported a surge in sales of its H200 AI chip, reaching double-digit billions in the third quarter. The company's CFO highlighted that data center revenue hit a record, increasing by 112% year-over-year and 17% quarter-over-quarter, driven by demand for the Hopper computing platform. This platform is utilized for training and inferencing of large language models, recommendation engines, and generative AI applications. China's data center revenue grew quarter-over-quarter but remains below pre-regulation levels. Cloud hyperscalers contributed 50% of the data center revenue, doubling year-over-year. Software and support revenue reached $1.5 billion. Additionally, NVIDIA's networking business is expected to see sequential growth in the fourth quarter.