NVIDIA Q217 Financial Results NVDA

Posted by Kyle 7:31 AM (CDT)

Wednesday May 10, 2017

What is the answer to "Who's got the beaucoup dolares today?" That would be NVIDIA! The 10 series GPUs are still selling very well for NVIDIA as well as some of its other products, but despite its huge R&D efforts to diversify its products, the GPUs are still bringing in the big bucks.

NVIDIA (NASDAQ: NVDA) today reported revenue for the first quarter ended April 30, 2017, of $1.94 billion, up 48 percent from $1.30 billion a year earlier, and down 11 percent from $2.17 billion in the previous quarter.

"The AI revolution is moving fast and continuing to accelerate," said Jensen Huang, founder and chief executive officer of NVIDIA. "NVIDIA's GPU deep learning platform is the instrument of choice for researchers, internet giants and startups as they invent the future.

"Our Datacenter GPU computing business nearly tripled from last year, as more of the world's computer scientists engage deep learning. One industry after another is awakening to the power of GPU deep learning and AI, the most important technology force of our time," he said.