It’s unstoppable – the company with the highest growth projection in the world, surpassing Microsoft, is the fourth largest in the world and is on its way to the top in the face of 2025. Within its sector, despite being a company with fewer products and diversifications, it has overtaken the giant. For the first time in its history, NVIDIA has generated more revenue in one year than Intel. If the trend continues, by 2024, or at the latest 2025, it could generate more income than both red and blue companies combined.
This unprecedented growth has never been seen before. No technology company has ever doubled its revenue in a year and increased its market capitalization almost threefold. The driving force behind this growth is artificial intelligence (AI) and the clear vision of Jensen Huang, which has taken NVIDIA to the pinnacle of global companies and proven how a CEO can shape the future of their company.
NVIDIA has transitioned from a gaming company to an AI company.
A few years ago, in a discussion about strategies and central coordination for a company, the topic of NVIDIA came up, focusing on GPU for gaming and HPC at that time. Interestingly, in 2015, someone already had a clear vision that NVIDIA was not a gaming company anymore but an AI company. While not allowed to work on AI content at that time, today in 2024, NVIDIA dominates the market, and no one can think of it without AI, GPU HPC, and SoC CPU+GPU.
The importance of a good long-term strategy and the impact of a true visionary like Jensen Huang are evident, as NVIDIA’s sales have grown sixfold in just four years, resulting in NVIDIA achieving higher revenues than Intel.
The data center division is on fire. Recent NVIDIA data shows that this division has generated six times more revenue than the gaming division in the last quarter. The company forecasts a 2% increase for the first three months of the year and possibly a double-digit increase by the end of 2024, with only this division alone approaching 30 billion in quarterly revenue.
Yearly, with everything that happened with COVID, cryptocurrency mining, and surging HPC, AI still rules. In 2023, NVIDIA generated nearly 61 billion in revenue compared to Intel’s slightly over 50 billion. The graph does not lie, and although the blue company has faced serious economic setbacks, the green company’s achievements cannot be downplayed either.
If the trend continues, in 2024, NVIDIA’s revenue could surpass the combined revenue of both Intel and AMD. Simply calculating with 2023 figures, AMD + Intel generated 78 billion compared to NVIDIA’s 61 billion. Considering that NVIDIA has already sold all of its Blackwell GPUs and DGX equipment, and that there was no HBM for 2024, prompting all players to ramp up production, this year NVIDIA could generate not only more revenue than Intel but more than the blue and red companies combined.
This could propel Jensen Huang and his company to the number three spot in the global ranking of companies, marking another historical milestone.
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