Before we go any further, our NVIDIA boilerplate: we make very few calls on individual names on the blog but this one is special.And a contender for the prestigious Climateer Line of the Day:
They are positioned to be the brains in autonomous vehicles, they will drive virtual reality should it ever catch on, the current businesses include gaming graphics, deep learning/artificial intelligence, and supercharging the world's fastest supercomputers including what will be the world's fastest at Oak Ridge next year.
Not just another pretty face.
Or food delivery app.
“Our strategy to focus on creating the future where graphics, computer vision and artificial intelligence converge is fueling growth across our specialized platforms — Gaming, Pro Visualization, Datacenter and Automotive.”That's a pretty good opening bid: "Our strategy to focus on creating the future..."
- Nvidia Corp. Chief Executive Jen-Hsun Huang
Alrighty then, so what did you do today, daddy?
From the brainiacs at The Register:
Nvidia says its last quarter set record high marks for revenues, as returns were up across the board.
For the second quarter of fiscal 2017 – the three months to July 31 this year – the California-based GPU specialists logged:
Sales of graphics chipsets for PCs and workstations remain strong. Having said that, CEO Jen-Hsun Huang talked up the growth in the new markets as an area that will begin to pay off on Nvidia's bottom line over the coming months. In particular, there is a demand for GPUs that accelerate machine-learning applications in servers and internet-connected gadgets, and Nv has been heavily touting kit for those systems.
- Revenues of $1.43bn, a 24 per cent increase over last year's $1.15bn.
- Net income of $253m was up 873 per cent over $26m in Q2 fiscal 2016, when the company took big hits to its bottom line thanks to write-downs and restructuring costs.
- Earnings per share of 40 cents topped analyst estimates of 37 cents.
- Gaming hardware revenue of $781m was up 18 per cent on the year.
- Professional systems revenue of $214m, up 22 per cent on Q2 fiscal 2016.
- Data center hardware revenue of $151m was more than double the year-ago quarter's return, a gain Nvidia credits to growth in supercomputing and hyperscale system sales.
- Automotive unit revenues were $119m, up 68 per cent year-over-year.
"We are more excited than ever about the impact of deep learning and AI, which will touch every industry and market. We have made significant investments over the past five years to evolve our entire GPU computing stack for deep learning," Huang said.
"Now we are well positioned to partner with researchers and developers all over the world to democratize this powerful technology and invent its future."
Analysts are sharing Huang's optimism for growth, particularly in the data center and hyperscale computing markets that use Nvidia GPUs to accelerate AI and scientific workloads....MORE