Posted 2/12/2024, 11:08:00 AM
Nvidia Transforms from Gaming Chipmaker to AI and Data Center Powerhouse
- Nvidia started as a gaming graphics chip company, with gaming as its largest revenue source until fiscal 2022
- Nvidia's graphics chips now power AI and data centers, which account for 80% of revenue
- Revenue from data centers grew 279% year-over-year in fiscal 2024 Q3
- Nvidia's market cap grew by $1 trillion in the last 12 months due to AI and data centers
- Gaming revenue now makes up less than 20% of Nvidia's total revenue