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Nvidia reported record revenues of $130 billion for the fiscal year 2024, representing an astonishing 114% growth year-over-year. Earnings per share reached $2.94, up a remarkable 147% from the previous year. Impressively, the data center division, which accounts for 88% of total revenues, recorded revenues of $115 billion, reflecting a 142% increase year-over-year.
Comparatively, this places Nvidia’s data center revenue ahead of Amazon Web Services (AWS), which reported $108 billion in the same fiscal year. This position is significant in a market that heavily relies on cloud computing and AI infrastructure.