Nvidia is facing competition not only from Big Tech but also from other chip rivals, including Intel and Advanced Micro Devices, which have touted a large revenue opportunity from the inference market.
The Santa Clara, California-based company has made moves to defend its position. It unveiled a new central processor and AI system built on technology from Groq – a chip startup specializing in inference – in March.
Nvidia reported first-quarter revenue of US$81.62 billion, beating analysts’ average estimate of US$78.86 billion, according to data compiled by LSEG.
Data centre revenue in the quarter came in at US$75.2 billion, compared with the average analyst estimate of US$72.8 billion.
On an adjusted basis, the firm earned US$1.87 per share, compared with market estimates of US$1.76.
