NVIDIA Revenue

NVIDIA generated $60.92 billion in revenue in 2024, compared to almost $27 billion in revenue in 2023, the same revenue value in 2022, and over $16.6 billion in 2021. Read Next: History of OpenAI, AI Business Models, AI Economy. Related Visual Stories Who Owns NVIDIA The top individual shareholder of NVIDIA is Jen-Hsun Huang, founder and CEO of the company, with 86,878,193 shares, giving him 3.51% ownership. He is followed by Mark A. Stevens, venture capitalist and a partner at S-Cubed Capital, who was part of the NVIDIA board in 2008 and previously served as a director from 1993 to 2006, with 4,442,786 shares. Top institutional investors comprise The Vanguard Group, Inc., 204,600,119, owning 8.27%. BlackRock, Inc., with 179,816,144, owns 7.27%. And FMR LLC (Fidelity Institutional Asset Management) with 138,693,959, owning 5.61%. NVIDIA Business Model NVIDIA is a GPU design company, which develops and sells enterprise chips for industries spacing from gaming, data centers, professional visualizations, and autonomous driving. NVIDIA serves major large corporations as enterprise customers, and it uses a platform strategy where it combines its hardware with software tools to enhance its GPUs' capabilities. NVIDIA Revenue NVIDIA generated $60.92 billion in revenue in 2024, compared to almost $27 billion in revenue in 2023, the same revenue value in 2022, and over $16.6 billion in 2021. NVIDIA Revenue Breakdown NVIDIA generated $13.52 billion from the graphics segment in 2024, compared to $47.40 billion from the compute and network segment. Compared to almost $27 billion in revenue in 2023, of which $15 billion came from computing and networking and $11 billion from graphics. In contrast to 2022, where $27 billion in revenue came, over $15.8 billion came from graphics and $11 billion from computing and networking. With the explosion of AI, the computing segment has become the main driver of NVIDIA's growth. NVIDIA Revenue By Segment NVIDIA generated over $60 billion by January 2024, of which $13.52 billion came from graphics and $47.4 billion from computing and networks. Compared almost $27 billion in revenue in 2023, of which over $15 billion came from competing & networking and $11.9 billion from graphics. Through its GPU, NVIDIA is powering up the AI supercomputing revolution, which is part of the current AI paradigm. NVIDIA Profits NVIDIA generated $29.76 billion in profits in 2024, compared to $4.37 billion in net profits in 2023, over $9.7 billion in profits in 2022 and $4.3 billion in 2021. NVIDIA Employees NVIDIA had 29,600 employees as of January 2024, 26,196 employees as of January 2023, 22,473 employees in the same period of 2022, and 18,975 in the same period of 2021. NVIDIA Revenue Per Employee In 2024, NVIDIA generated $2,058,176 per employee compared to $1,029,699 per employee in 2023, nearly $1.2 million in revenue per employee in 2022. Connected AI Visual Stories AI Supercomputer Transformer The transformer architecture – sometimes referred to as the transformer neural network or transformer model – is an architecture that endeavors to solve sequence-to-sequence tasks while easily handling long-range dependencies. GPU vs. TPU OpenAI Business Model OpenAI has built the foundational layer of the AI industry. With large generative models like GPT-3 and DALL-E, OpenAI offers API access to businesses that want to develop applications on top of its foundational models while being able to plug these models into their products and customize these models with proprietary data and additional AI features. On the other hand, OpenAI also released ChatGPT, developing around a freemium model. Microsoft also commercializes opener products through its commercial partnership. OpenAI/Microsoft OpenAI and Microsoft partnered up from a commercial standpoint. The history of the partnership started in 2016 and consolidated in 2019, with Microsoft investing a billion dollars into the partnership. It's now taking a leap forward, with Microsoft in talks to put $10 billion into this partnership. Microsoft, through OpenAI, is developing its Azure AI Supercomputer while enhancing its Azure Enterprise Platform and integrating OpenAI's models into its business and consumer products (GitHub, Office, Bing). Stability AI Business Model Stability AI is the entity behind Stable Diffusion. Stability makes money from our AI products and from providing AI consulting services to businesses. Stability AI monetizes Stable Diffusion via DreamStudio's APIs. While it also releases it open-source for anyone to download and use. Stability AI also makes money via enterprise services, where its core development team offers the chance to enterprise customers to service, scale, and customize Stable Diffusion or other large generative models to their needs. Stability AI Ecosystem