Data Center revenue grew by an impressive 217% in fiscal year 2024, reaching $47.5 billion. This growth was fueled by strong demand for AI solutions, including generative AI and large language models, across various industries.

Gaming revenue increased by 15% in fiscal year 2024, totaling $10.4 billion. This reflects higher sell-in to partners after channel inventory normalization and continued growth in demand.

NVIDIA expanded its offerings with new products and business models, including software, cloud services, and AI platforms. The company also launched NVIDIA DGX Cloud and AI Foundations to cater to the growing demand for AI solutions.

Despite industry-wide supply chain constraints, NVIDIA managed to increase supply and capacity by adding new vendors and entering into prepaid manufacturing agreements. This allowed the company to meet the surging demand for its products.

Operating expenses increased in fiscal year 2024, primarily due to investments in research and development, reflecting the company's commitment to innovation. This includes the development of new products and technologies for AI and other high-growth markets.

NVIDIA returned capital to shareholders through share repurchases and dividends. The company repurchased $9.7 billion worth of shares and paid $395 million in dividends during fiscal year 2024.

U.S. government licensing requirements imposed in fiscal year 2023 and expanded in fiscal year 2024 have restricted the export of certain high-performance products to China and other regions. This has negatively impacted sales and could continue to do so in the future.

NVIDIA faces intense competition in its target markets, including from companies offering lower-priced products or products with better performance or features. This competition could adversely affect market share and financial results.

NVIDIA relies on third-party foundries and subcontractors for manufacturing, assembly, testing, and packaging of its products. This dependence reduces control over product quantity, quality, and delivery schedules, and could harm the business.

NVIDIA's accelerated computing platform, powered by GPUs, holds a leading position in the market. The company's full-stack approach, combining hardware, software, and networking solutions, provides a competitive advantage.

NVIDIA has built a robust ecosystem of partners, including cloud service providers, OEMs, and software developers, which strengthens its market position and expands the reach of its technology.

NVIDIA continues to invest heavily in research and development, focusing on next-generation technologies such as AI, autonomous vehicles, and high-performance computing. This focus on innovation helps maintain its competitive edge.

In February 2023, NVIDIA increased the estimated useful life of certain property, plant, and equipment, resulting in a benefit to cost of revenue and operating expenses. This change reflects advances in technology and usage rates.

NVIDIA is actively working to optimize its supply chain by expanding supplier relationships, building redundancy, and managing inventory levels. This is aimed at mitigating the impact of supply chain disruptions and meeting customer demand.

NVIDIA is in the process of upgrading its enterprise resource planning (ERP) system to improve the accuracy and efficiency of its financial reporting and business processes.

NVIDIA continues to lead in AI and accelerated computing, developing new products and software solutions for various applications, including generative AI, large language models, and autonomous vehicles.

NVIDIA launched new GeForce RTX GPUs based on the Ada Lovelace architecture, bringing next-generation graphics and AI capabilities to gamers and professionals.

NVIDIA is developing the Omniverse platform for building and operating metaverse and 3D internet applications, expanding its reach into new and emerging markets.

In August 2023, NVIDIA's board authorized a $25 billion share repurchase program, demonstrating confidence in the company's future prospects and commitment to returning value to shareholders.

NVIDIA paid $395 million in quarterly cash dividends during fiscal year 2024, providing a consistent return to shareholders.

NVIDIA plans to invest approximately $3.5 billion to $4.0 billion in property and equipment during fiscal year 2025, supporting its growth strategy and expansion into new markets.

NVIDIA has set a goal to purchase or generate enough renewable energy to match 100% of its global electricity usage for offices and data centers by the end of fiscal year 2025, demonstrating its commitment to environmental sustainability.

NVIDIA aims to engage manufacturing suppliers to adopt science-based targets for greenhouse gas emissions reduction, promoting sustainability throughout its supply chain.

NVIDIA is committed to creating an inclusive culture and building a diverse talent pipeline, with a focus on increasing representation of underrepresented groups in the technology field.

The market for AI and accelerated computing is experiencing significant growth, driven by increasing adoption across various industries and the emergence of new applications such as generative AI and large language models.

NVIDIA's business is subject to geopolitical risks and increasing regulatory scrutiny, particularly related to export controls, data privacy, and the responsible use of AI. These factors could negatively impact operations and financial results.

Macroeconomic factors, including inflation, rising interest rates, and global economic uncertainty, could adversely affect demand for NVIDIA's products and impact financial results.