Start-ups and corporations are still clamoring for Nvidia’s AI data center chips.
The chip maker reported data center revenue of $51.2 billion in the October quarter, up 66% year over year. That’s above Wall Street’s estimate of $49.05 billion, according to FactSet.
Data center revenue was “driven by three platform shifts – accelerated computing, powerful AI models, and agentic applications,” Nvidia CFO Colette Kress said in the company’s earnings release.