Nvidia's Data Center Business Jumps Twelve-Fold as AI Demand Surges

Nvidia's data center division hit $47.5 billion in fiscal 2024, up from $3.8 billion the year before. The massive gain reflects big cloud companies racing to buy AI chips—particularly Nvidia's H100 and H200 processors—to power AI systems for their customers. This single division now underpins Nvidia's $3.2 trillion market value, making the company central to enterprise AI infrastructure.