Nvidia's GeForce GPUs are selling well, but its AI GPU sales are ridiculous

Nov 27, 2023 ·

Nvidia's financial success continues to ride the wave of artificial intelligence. For its third quarter of 2023, the company reported year-over-year revenue growth of 206%. This is driven by its gaming and data center businesses, as well as sales of its AI-focused products and services.

In gaming, Nvidia's Turing GPUs are still dominating the market, with a record high of 62% market share. These include the RTX 30 series of graphics cards, which have seen strong demand due to their improved performance and computing power.

In data centers, Nvidia's GPUs are powering increasingly sophisticated AI workloads. High-performance computing and inference applications are leveraging the company's TensorRT platform, while cloud-native deployments are using the new Ampere architecture.

Nvidia's AI business has also seen tremendous growth. Its AI platform provides developers with a comprehensive suite of frameworks, libraries, and tools for building, training, and deploying AI models. The company's Drive platform is helping to accelerate the development of self-driving cars.

Overall, Nvidia has been able to capitalize on the growing need for AI, as evidenced by its impressive financial results. Through its gaming, data center, and AI products and services, the company is well-positioned to continue benefiting from this trend in the years ahead.