NVIDIA reported (May 22nd) a record quarterly revenue of $26.0 billion for Q1 Fiscal 2025, representing an impressive 18% increase from the previous quarter and a staggering 262% increase from the same period last year. The company's Data Center revenue, which is closely tied to its AI offerings, also reached a record high of $22.6 billion, growing 23% from the previous quarter and 427% year-over-year.
Jensen Huang, founder and CEO of NVIDIA,stated, "The next industrial revolution has begun — companies and countries are partnering with NVIDIA to shift the trillion-dollar traditional data centres to accelerated computing and build a new type of data centre — AI factories — to produce a new commodity: artificial intelligence."