{"id":40894,"date":"2020-05-22T11:47:54","date_gmt":"2020-05-22T11:47:54","guid":{"rendered":"http:\/\/icloud.pe\/blog\/?guid=b1b0fb365a4892bad099a5d62a16a813"},"modified":"2020-05-22T11:47:54","modified_gmt":"2020-05-22T11:47:54","slug":"data-centre-chip-demand-fuels-nvidias-record-q2-revenue","status":"publish","type":"post","link":"https:\/\/icloud.pe\/blog\/data-centre-chip-demand-fuels-nvidias-record-q2-revenue\/","title":{"rendered":"Data centre chip demand fuels Nvidia’s ‘record Q2 revenue’"},"content":{"rendered":"


\n Sabina Weston<\/a><\/span>
\n <\/span><\/p>\n

\n
\n
22 May, 2020<\/span><\/div>\n<\/p><\/div>\n<\/div>\n

\n<\/a><\/p>\n

\n

\u200b<\/span>Nvidia has forecast its 2021 second-quarter revenue above analysts\u2019 estimates, powered by a surge in demand for\u00a0data centre components amid\u00a0the mass shift to remote working.<\/p>\n

The company expects its Q2 revenue to be $3.65bn (\u00a33bn), \u201cplus or minus 2 percent\u201d. According to IBES from financial market data provider Refinitiv, analysts were estimating this to be around $3.29bn (\u00a32.70bn), as reported by Reuters<\/a>.<\/p>\n

Nvidia\u2019s Q2 outlook takes into account the company\u2019s $6.9bn acquisition of high-performance networking firm Mellanox, which was finalised last month. Weeks later, it was reported that Nvidia is also set to acquire<\/a> networking software firm and former Mellanox collaborator Cumulus Networks, in a bid to further enhance its data centre credentials.<\/p>\n

NVIDIA founder and CEO Jensen Huang said that the company has \u201chad an excellent quarter\u201d.<\/p>\n

\u201cThe acquisition of Mellanox expands our cloud and data centre opportunity. We raised the bar for AI computing with the launch and shipment of our Ampere GPU,” he said.\u00a0“And our digital GTC conference attracted a record number of developers, highlighting the accelerating adoption of NVIDIA GPU computing.”<\/p>\n

Huang also added that Nvidia\u2019s data centre \u201cachieved a record and its first $1 billion quarter\u201d, an 80% increase from the year before.<\/p>\n

\u201cNVIDIA is well-positioned to advance the most powerful technology forces of our time \u2013 cloud computing and AI,\u201d he said.<\/p>\n

Last month, the company announced that it would join the digital fight against coronavirus<\/a> by providing the COVID-19 High-Performance Computing Consortium<\/a>\u00a0with its expertise in AI\u00a0and large-scale computing optimisations.<\/p>\n

During the course of the coronavirus pandemic, the unprecedented demand for chips, especially the ones used in data centres, has proven to make or break a tech company\u2019s revenues.<\/p>\n

In March, HPE reported that its year-on-year revenues for the previous quarter have declined by 8% due to difficulties in its compute business, led primarily by the continued shortage of Intel processors. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Sabina Weston<\/p>\n

22 May, 2020 <\/p>\n

\u200bNvidia has forecast its 2021 second-quarter revenue above analysts\u2019 estimates, powered by a surge in demand for\u00a0data centre components amid\u00a0the mass shift to remote working.
\nThe company expect…<\/p>\n","protected":false},"author":627,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-40894","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/users\/627"}],"replies":[{"embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/comments?post=40894"}],"version-history":[{"count":1,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40894\/revisions"}],"predecessor-version":[{"id":40895,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/posts\/40894\/revisions\/40895"}],"wp:attachment":[{"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/media?parent=40894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/categories?post=40894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icloud.pe\/blog\/wp-json\/wp\/v2\/tags?post=40894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}