NVIDIA's financial report shows rapid growth in its server CPU business, with revenue exceeding $5 billion in the past 12 months, and demand is expected to reach $20 billion in the current fiscal year.
NVIDIA disclosed in its latest earnings report that its server CPU business is expanding rapidly, with Grace server CPU revenue exceeding $5 billion over the past 12 months. Colette Kress, the company's CFO, told analysts that total server CPU demand is expected to reach $20 billion in the current fiscal year, and NVIDIA is poised to become a leading CPU supplier. The company also anticipates CPU revenue to more than double by fiscal year 2028. Morgan Stanley called NVIDIA's $20 billion server CPU forecast "surprising," suggesting it has reached or surpassed the level of existing market leaders. Following the earnings release, NVIDIA's stock price rose by 8.7%.
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