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Archive for the ‘Nvidia’ Category

Navigating the Future: CadenceLive Reveals a Transformative Vision in Semiconductor and System Design

Thursday, April 18th, 2024

At this year’s CadenceLive event, an assembly of technological vision and collaboration unfolded as Anirudh Devgan, CEO of Cadence Design Systems, delivered a compelling keynote address that painted a picture of a rapidly evolving technological landscape. This was followed by an enlightening discussion between Devgan and Jensen Huang, CEO of Nvidia, where the two industry titans delved into the transformative impacts of artificial intelligence, the future of digital biology, and the evolving architectures of data centers. Together, they explored how accelerated computing and deep collaboration between their companies are setting the stage for groundbreaking advancements across various industries.

Anirudh Devgan, Cadence CEO @ CadenceLive — Photo courtesy Cadence

Opening his address, Devgan extended heartfelt thanks to Cadence’s customers and partners, whose unwavering support has been crucial in the company’s journey. This foundation of strong partnerships has enabled Cadence to push the boundaries of what is possible in semiconductor design and system integration.

Devgan quickly pivoted to the evolving landscape of technology. He highlighted the blurring lines between semiconductor companies and systems companies—a trend that has seen traditional chip manufacturers like Nvidia and Broadcom expand into system integration. This convergence is a response to the growing demand for more complex and integrated solutions across various industries, from automotive to consumer electronics.

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NVIDIA Shatters Records with Stunning Fiscal 2024 Performance

Wednesday, February 21st, 2024

In an astonishing display of fiscal prowess, NVIDIA has announced its financial results for the fourth quarter and full fiscal year 2024, setting new benchmarks in the tech industry. The company reported a record-breaking quarterly revenue of $22.1 billion, marking a 22% increase from the previous quarter and an impressive 265% surge from the same period last year. This surge is attributed to the booming demand for accelerated computing and generative AI, which have become pivotal in the digital transformation across various sectors.

NVIDIA’s Data Center revenue alone stood at a staggering $18.4 billion for the quarter, up 27% from Q3 and a whopping 409% from the year-ago period, underscoring the vital role of NVIDIA’s technology in powering the world’s data processing, AI training, and inference needs.

For the fiscal year 2024, NVIDIA’s revenue soared by 126% to $60.9 billion, with GAAP earnings per diluted share increasing by 586% to $11.93, and non-GAAP earnings per diluted share climbing by 288% to $12.96. This performance highlights NVIDIA’s successful navigation through the challenges and opportunities of the past year, driven by its innovation in GPU technology and strategic market positioning.

Jensen Huang, NVIDIA’s founder and CEO, remarked on the company’s monumental achievements, stating, “Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries, and nations.” He further highlighted the diverse drivers of NVIDIA’s Data Center platform, including the demand from cloud-service providers, enterprise software, consumer internet companies, and vertical industries like auto, financial services, and healthcare.

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Epic Earnings of Chipmaker Nvidia Highlight Looming Challenges for AI’s Future: Supply, Power, and Potential

Wednesday, August 23rd, 2023

NVIDIA announced its financial results for the second quarter of fiscal year 2024, reporting record revenue of $13.51 billion, an increase of 88% from the previous quarter and 101% from the same period a year ago. The company’s Data Center revenue also hit a record of $10.32 billion, rising by 141% from the previous quarter and 171% from a year ago.

GAAP earnings per diluted share for the quarter were $2.48, which marked a significant increase of 854% from a year ago and 202% from the previous quarter. Non-GAAP earnings per diluted share were $2.70, up 429% from a year ago and 148% from the previous quarter.

NVIDIA’s CEO, Jensen Huang, stated that a new computing era has begun, with companies transitioning to accelerated computing and generative AI. The company’s GPUs, combined with its networking technologies and software stack, play a crucial role in the emerging landscape of generative AI.

NVIDIA campus in Santa Clara, Calif.

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