Leading semiconductor giant Nvidia (NASDAQ: NVDA) recently unveiled its fiscal Q2 2024 earnings, revealing impressive figures that surpassed even the highest expectations.
The standout performance included record-breaking quarterly revenues of $13.5 billion, marking a staggering 101% increase compared to the previous year.
Notably, the data center division was the driving force behind this success, contributing 76% of the total revenue and boasting an extraordinary growth rate of 171%.
This flood in income converted into a significant 854% year-over-year development in GAAP profit per share, coming to $2.48. A contributing variable to this noteworthy development was the upgrade of net overall revenues, which took off by 450 premise focuses to come to a great 70.1%.