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Nvidia increases its profit thanks to artificial intelligence technologies

By: Nastya Bobkova | 22.02.2024, 21:37

Nvidia increases its profit thanks to artificial intelligence technologies

Here's What We Know

Nvidia has announced a historic increase in its revenues due to the popularity of artificial intelligence. The company's total revenue for the last quarter was $22.1 billion, which is 22% more than in the previous quarter and 265% more than in the same period of the previous year.

The company's CEO, Jensen Huang, noted the role of artificial intelligence in stimulating demand for graphics processors. He also announced the launch of new products with innovative technologies. More details of these plans will be revealed at the GPU Technology Conference (GTC). Nvidia announced that it plans to pay a quarterly cash dividend of $0.04 per share on 27 March 2024. Shareholders must register no later than 6 March 2024.

In addition, there are rumours of a possible debut of the new RTX 4070 graphics card, which may occur at the end of April.

Source: TechSpot

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