Nvidia Corporation (NASDAQ:NVDA) which became popular due to graphic processing units (GPUs) for the gaming market. With technology making rapid changes the company was quick to change course and move its focus into datacenters, automakers and medical fields. The company is moving itself to be called “the AI computing company”.
In April 2016 the launched NVIDIA DGX-1, the world’s first deep learning supercomputer in order to meet the unlimited computing demands of artificial intelligence. The DGX-1 deep learning system enables researchers and data scientists to easily harness the power of GPU accelerated computing to create intelligent machines that learn, see and perceive things as human beings do.
NVIDIA DGX-1 is built on NVIDIA Tesla P 100 GPUs which is based on new NVIDIA Pascal GPU architecture. It provides the throughput of 250 CPU based servers, networking, cables and racks in a single box.
The DGX-1 also features other breakthrough technologies which maximizes performance and also ease of use. These include the NVIDIA NVLink high speed interconnect for maximum application stability, 16nm FinFET fabrication technology for energy efficiency, Chip on Wafer on Substrate with HBM2 for big data workloads and half precision instructions to deliver more than 21 teraflops of peak performance for deep learning.
The company released its results on 09th February, 2017. Revenues were $2.17 billion an impressive 55 % growth y-o-y. GAAP EPS was $0.99 up 183 percent y-o-y. Datacenters revenues jumped from $97 million in the fourth quarter of 2015 to $296 million for the fourth quarter of 2016. Another important point is that the revenue growth was very good for all the segments.
Full year revenues were $6.91 billion up 38% y-o-y. GAAP EPS were $2.57 up 138 % y-o-y. In the words of Jen-Hsun Huang the CEO and founder of the company.
“We had a great finish to a record year, with continued strong growth across all our businesses,”. “Our GPU computing platform is enjoying rapid adoption in artificial intelligence, cloud computing, gaming, and autonomous vehicles.”
“Deep learning on NVIDIA GPUs, a breakthrough approach to AI, is helping to tackle challenges such as self-driving cars, early cancer detection and weather prediction. We can now see that GPU-based deep learning will revolutionize major industries, from consumer internet and transportation to health care and manufacturing. The era of AI is upon us,”
The company made share repurchases of worth $739 million and $261 million in cash dividends. So in total the company returned $1 billion to the shareholders in fiscal 2017. For fiscal 2018 the company intends to return about $1.25 billion to the shareholders.
Stock the best performer in S&P 500 for 2016. Investors are betting on the company’s dominance in the advanced technologies.
About Nvidia Corporation
NVIDIA (is the AI computing company. Its invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI, the next era of computing, with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world.