Nvidia's Record $39.3B Revenue: AI Chip Demand Drives Growth
1min read Nvidia, a leading manufacturer of AI chips, has reported a record quarterly revenue of $39.3 billion, marking a 78% increase from the previous year. This impressive growth can be attributed to the increasing demand for AI chips and the global race to achieve dominance in the sector. The positive financial results also extended to AI coins within the crypto market.
Nvidia's Q4 2024 financial reports showed a significant rise in investment throughout the year. The company's revenue jumped by 78% year-over-year to $39.3 billion, with a 12% growth from Q3 2024. The Data Center segment saw revenues surge to $35.6 billion, up 93%, while total revenues from the previous year soared by 114% to $130.5 billion.
Jensen Huang, Nvidia's CEO, attributed the company's success to various factors, including the demand for Blackwell AI supercomputers, which can train AI models more efficiently and enhance results. Last year, Nvidia's growth outpaced major financial market firms as the AI frenzy continued to grow.
Huang stated, "We've successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter. AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries."
In 2024, nvidia announced its partnership with the $500 billion Stargate Project as a tech partner. The Data Center also partnered with AWS to launch the NVIDIA DGX Cloud AI platform. The company's automotive revenue surged by 27% to $570 million, with Toyota announcing plans to build its next-generation cars on the NVIDIA DRIVE AGX ORIN.
Nvidia also partnered with Hyundai Motor Group to create safer, smarter vehicles, supercharge manufacturing, and deploy cutting-edge robotics using NVIDIA AI and NVIDIA Omniverse. Additionally, the company announced that the NVIDIA DriveOS safe autonomous driving operating system received ASIL-D functional safety certification and launched the NVIDIA DRIVE™ AI Systems Inspection Lab.
Last year, AI coins in the crypto market soared alongside the broader market 
