"Strong sales of the NVIDIA HGX platform were driven by global demand for the training and inferencing of large language models, recommendation engines, and generative AI applications," says CFO.
Nvidia launched its Nvidia H200 GPU, which will offer faster memory and more bandwidth for generative AI workloads. The H200 will ship in the second quarter of 2024.
Foxconn's AI factory based on Nvidia's platform will enable it to train models for workflows and run simulations before building physical systems.
What's good for Nvidia shareholders may give enterprise technology buyers pause. Nvidia needs competition.
CEO Jensen Huang said Nvidia is benefiting from its GPUs as well as its Mellanox networking and switch gear.
Three Factors Drive Growth In MATANA Stocks
1. AI Powers Valuation Growth, But Earnings Growth Keeps Momentum Going, 2. Ads Are Back For The Remaining Digital Giants, 3. Cloudy Times Ahead (For Now).
"Nvidia has taken a key step to secure its future relevance with making available Nvidia DGX Cloud," says Constellation Research analyst Holger Mueller.
Nvidia's second quarter outlook also reflected a boom in AI infrastructure investment. Nvidia projected revenue in the second quarter of $11 billion.
The Q1 Tech Earnings Breathe Life Among The Digital Giants. With just Apple left to report in the tech earnings season, three major trends have emerged