Nvidia could make $87 billion from its data center GPUs alone in 2024, according to market research firm Omdia. The firm's latest report shows estimates for how much money Nvidia made with its AI- and server-focused GPUs in 2023 and how that momentum may make 2024 an even bigger year for Nvidia. Omdia also highlights how Nvidia's massive sales figures directly impact market share between OEMs, with Nvidia being termed a "kingmaker."
Though it's been clear that Nvidia's rapidly rising data center revenue is thanks to its GPUs, the company doesn't report precisely how much its Ampere and Hopper server cards make. The data center segment on Nvidia's earnings sheet includes GPUs, CPUs, and networking hardware, which obfuscates revenue from GPUs specifically. Omdia's Cloud and Data Center Market Snapshot report for February, which is based on the firm's analysis, seeks to make that more clear.
