August 29, 2024 – NVIDIA Unveils Stellar Second Quarter Results for Fiscal Year 2025, Highlighting Blackwell Chip Milestone
NVIDIA Corporation, a leading innovator in graphics processing units (GPUs) and artificial intelligence (AI) technologies, today announced its financial results for the second quarter of fiscal year 2025, marking a significant leap in both revenue and profitability. The company reported a staggering revenue of 30billionforthequarter,reflectingaremarkable12216.599 billion, a stunning 168% increase from the previous year’s corresponding quarter.
During the subsequent earnings call, NVIDIA’s CEO, Jensen Huang, provided a pivotal update on the company’s roadmap, confirming that the highly anticipated Blackwell chip will enter mass production and commence shipments in the fourth quarter of this fiscal year. Addressing investors’ concerns regarding potential design issues with the Blackwell chip, Huang emphatically stated that no functional alterations are necessary, allaying fears and underscoring the chip’s readiness for market deployment.
Huang further elaborated on the financial implications of the Blackwell rollout, projecting billions of dollars in revenue starting from the end of the year. Acknowledging the challenges associated with ramping up production capacity, he emphasized that the company is committed to investing the necessary time and resources to ensure a smooth transition.
Earlier this year, in March, NVIDIA introduced the groundbreaking Blackwell GPU architecture, specifically designed for next-generation AI models, alongside the GB200 chip, which is built upon this innovative foundation. The GB200 boasts a formidable combination of two B200 Blackwell GPUs and an Arm-based Grace CPU, offering a performance leapfrog for large language model inference – a staggering 30 times faster than its predecessor, the H100, while simultaneously reducing costs and energy consumption by a factor of 25.
This announcement underscores NVIDIA’s relentless pursuit of technological excellence and its commitment to driving the AI revolution forward, positioning the company as a pivotal force in shaping the future of computing and data processing.
