Title: Nvidia's Data Center Unit Reports Record $18.4 Billion in Fourth-Quarter Sales

Nvidia's Data Center business has seen significant growth in recent quarters, with the company's H100 graphics cards playing a pivotal role in powering generative AI applications like OpenAI's ChatGPT. The current market leader in supplying computer chips for AI research, Nvidia reported a staggering $18.4 billion in fourth-quarter sales, a 409% increase from the same period the previous year. This surpassed the analysts' expectations of $17.06 billion in sales for the fiscal fourth quarter.

Tech giants such as Alphabet and Meta, as well as startups like OpenAI and Anthropic, have been driving demand for Nvidia's data center products. Meta CEO Mark Zuckerberg recently announced plans to incorporate 350,000 H100 graphics cards into the company's computing infrastructure by the end of 2024, underscoring the significant investment in Nvidia's chips for AI initiatives.

Nvidia's data center unit has seen impressive revenue growth in recent quarters: $14.51 billion in Fiscal Q3 2024 (up 279% from the previous year), $10.32 billion in Fiscal Q2 2024 (up 171% from the previous year), and $4.28 billion in Fiscal Q1 2024 (up 14% from the previous year). This growth trend highlights the company's position as the market leader in providing computer chips for AI products and research.

The data center business's success is attributed to the increasing demand for powerful computing solutions driven by advancements in AI technology. Nvidia's robust performance in this sector solidifies its position as a key player in the artificial intelligence market.