When Nvidia announced eye-popping earnings on Wednesday with three-digit year-over-year growth, it was easy to get caught up in the excitement. The company brought in $13.5 billion for the quarter, up 101% over the prior year, and well over its $11 billion guidance. That’s certainly something to get excited about.
Nvidia is benefiting from being a company in the right place at the right time, where its GPU chips are in high demand to run large language models and other AI-fueled workloads. That in turn is driving Nvidia’s astonishing growth this quarter. (It’s worth noting that the company set the groundwork for its current success some time ago.)
“​​Data center compute revenue nearly tripled year on year, driven primarily by accelerating demand for cloud from cloud service providers and …
