Nvidia reports record revenues in latest fiscal quarter

But cryptocurrency not growing for the GPU giants

By Katyanna Quach

Posted in Business, 9th February 2018 06:30 GMT

Nvidia’s grip on the GPU market continues to strengthen as it reported its excellent quarterly and full year revenues compared to last year.

CEO Jensen Huang told analysts in an earnings call on Thursday that the results were “a record quarter wrapping up a record year”.

Huang also spewed his usual monologue on the wonders of AI, his thoughts on how everything that moves will eventually be automated - and, therefore, must use GPUs, and improving graphics in computer games.

The only area where growth was “approximately flat” was cryptocurrency, an area where people are increasingly turning to custom ASIC chips. Nvidia said it managed to “meet some demand,” but the change was “difficult to quantify.”

For its full fiscal 2018 year, which ended on January 28:

For the fourth quarter of fiscal 2018:

In AI, the biz is mainly known for its GPUs needed to train complex neural networks faster. It is increasingly looking to pocket some cash from the inference stage - where models are tested with unseen data - by expanding its data centers.

Many cloud providers now offer its Tesla V100, the GPU at the highest end dedicated for deep learning workloads. Another area boosting its revenues is the rise of high performance computing and AI.

Jensen said the firm is looking at supercomputer clusters to slash training times. There have been a flurry of research papers that introduce large mini batch training methods that use hundreds of GPUs to decrease training times on datasets such as ImageNet to an hour or minutes, down from days using older technology.

Nvidia's shares dropped by as much as 4.93 per cent at time of writing after it announced its financial results. The GPU giant is expected to rake in $2.9bn, give or take 2 per cent, in revenue in the next quarter of the fiscal year. ®

Sign up to our NewsletterGet IT in your inbox daily


More from The Register

Try our new driverless car software says Nvidia, as it suspends driverless car trials

Post crash test hits share price

Looking to nab Nvidia's GeForce chips? You need cash and patience

GPU shortage equals four-month wait time for buyers

Gone in 60.121 seconds: Your guide to the pricey new gear Nvidia teased at its annual GPU fest

GTC Yours if you can afford it... and wait long for the fabs to make the chips

2 + 2 = 4, er, 4.1, no, 4.3... Nvidia's Titan V GPUs spit out 'wrong answers' in scientific simulations

Fine for gaming, not so much for modeling, it is claimed

Nvidia says Google's TPU benchmark compared wrong kit

You're faster than the Kepler, but what about the newer and better Pascal?

Nvidia: Using cheap GeForce, Titan GPUs in servers? Haha, nope!

Nice try, but no, you're gonna have to cough up for these expensive data center chips

Amazon supercharges GPU power, spits out Nvidia-backed G3

Get your office benchmarking Crysi- *cough* I mean, working

Nvidia's profits so far this year are GPU-ge

The anti-AMD racks up 48 per cent revenue jump

If you've got $1m+ to blow on AI, meet Pure, Nvidia's AIRI fairy: A hyperconverged beast

0.5 PFLOPS FP32, 0.5 PB of effective flash storage

Nvidia: Pssst... farmers. Need to get some weeds whacked?

HPC blog Jetson-powered sprayer turns GPU-flinger into weed-whacker