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Originally Posted by philfree
I know NVIDIA makes video cards but I'd like to know what's driving their success.
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GPUs taking over workloads from CPUs. AI Datacenter is what's driving their revenue growth right now I think. 50% rev growth last quarter
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"All of the world's major internet and cloud service providers now use Nvidia's Tesla-based GPU (graphics processing unit) accelerators," Chief Financial Officer Colette Kress said on a post-earnings call on Tuesday.
Kress said the major companies include Facebook Inc (FB.O), Alphabet Inc's (GOOGL.O) Google, IBM Corp (IBM.N), Microsoft Corp (MSFT.O) and Alibaba Group Holding Ltd (BABA.N).
Nvidia's chips, also used by Amazon.com Inc's (AMZN.O) Amazon Web Services, offer artificial intelligence and machine learning capabilities that are crucial for faster data analysis.
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They're also at the forefront of powering autonomous vehicles. When the Audi A8 launches next year it'll be the first production vehicle with what's considered level 3 autonomous driving using Nvidia tech. Lots of companies competing for this market though