Source: CNBC
Summary
Nvidia’s networking business generated $11 billion in revenue last quarter. This achievement received less attention compared to the company’s chip and gaming segments. According to Nvidia, the growth in networking revenue is attributed to increased demand for data center infrastructure and cloud computing.
Our Reading
The launch follows a familiar script.
Nvidia’s networking business is a significant contributor to the company’s revenue, despite flying under the radar. The $11 billion figure is substantial, but not surprising given the growing demand for data center infrastructure and cloud computing. Nvidia’s focus on cloud gaming and AI also relies heavily on its networking capabilities. This is just another example of a company rebranding its existing infrastructure as a new, revolutionary technology. Nvidia’s networking business is just a fancy name for “we’ve been doing this for a while now”.
Author: Evan Null
