NVIDIA will release new video cards every year. The company’s revenue grew by 262% for the quarter
31.05.24
NVIDIA’s revenue rose 262% last quarter, beating investors’ expectations and sending the company’s stock soaring. The company announced a 10-to-1 stock split effective June 7 and a 150% quarterly dividend increase.
Revenue for the quarter was $26 billion, beating previous estimates of $24.7 billion, thanks to record sales of artificial intelligence chips. Revenue for the current quarter is expected to be around $28 billion. Shares of NVIDIA, which have gained more than 90% since the start of the year, rose 2% on the day.
Google, Microsoft, Meta and Amazon have indicated that their spending on this will remain high through 2024.
Previously, NVIDIA created a new architecture roughly every two years – for example, Ampere was introduced in 2020, Hopper in 2022, and Blackwell in 2024.
Don't miss interesting news
Subscribe to our channels and read announcements of high-tech news, tes
Asus Zenbook S 16 (UM5606): new wave
0 
The new Asus Zenbook S 16 laptop is made in an unusual metal case, built on the basis of a fresh AMD platform adapted for AI, and has excellent autonomy. Let’s talk about this premium laptop in more detail
Akash System uses diamonds to cool processors in data centers, space and military equipment development processor
Akash System has signed a memorandum with the US Department of Commerce, expecting $18.2 million in direct funding and $50 million in tax incentives. In addition, the startup has already raised $18 million from venture capitalists.
Bugatti W16 Mistral accelerates to 453.91 km/h and becomes the fastest roadster in the world car
Although Bugatti did not disclose whether any changes were made to the powertrain, the car used the same 8.0-liter W16 engine with four turbines and an output of 1,600 hp.