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Visualizing Nvidia’s Revenue, by Product Line (2019-2024)

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See this visualization first on the Voronoi app.

This area chart shows Nvidia's revenue by product segment between 2019 and 2024.

Visualizing Nvidia’s Revenue, by Product Line (2019-2024)

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Since the AI boom, the key drivers of Nvidia’s revenue have shifted significantly.

Today, data center processors for analytics and AI have quickly become Nvidia’s largest source of revenue, surpassing the company’s historical main business line of GPUs (graphic processing units). Given the surging demand for hardware that drives AI models, Nvidia’s revenues reached $22.1 billion in the last quarter—a 265% jump from the year before.

This graphic breaks down Nvidia’s revenue by product line, based on Affinity data powered by Syntax.


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A Closer Look at Nvidia’s Revenue Sources

Here are the five main revenue channels for America’s largest chipmaker:

Product Line202420232022202120202019
Data Center Processors
for Analytics and AI
78.0%55.6%39.4%40.2%27.3%25.0%
GPUs for Computers17.1%33.6%46.3%46.5%50.5%53.3%
GPUs for 3D
Visualization
2.6%5.7%7.8%6.3%11.1%9.6%
GPUs for Automotive1.8%3.3%2.1%3.2%6.4%5.5%
GPUs for Cryptocurrency
Mining
0.0%0.0%2.0%3.8%4.6%6.5%
Other0.5%1.7%2.3%0.0%0.0%0.0%

Nvidia’s data center business has witnessed explosive growth, accelerating 409% compared to the fourth quarter of last year.

The analytics and AI unit includes H100 graphics cards that power AI systems, each made up of 80 billion transistors that allow it to compute vast amounts of data used in training large language models. Big tech companies are spending billions on these graphic cards in order to power their computing infrastructure. Meta, for instance, plans to use 350,000 H100 graphics cards in 2024 alone.

The next biggest source of revenue are GPUs for computers, making up 17.1% of total revenues. Nvidia played a key role in developing these specialized chips which are an important component in PCs. Together, these two product lines make up 95.1% of Nvidia’s revenues, while GPUs for 3D visualization and automotive generate only a fraction of all revenues.

Looking ahead, Nvidia’s graphics chips will likely make up a greater share of revenues as demand continues to grow. In fact, the company recently stated that its facing challenges in keeping up with demand and that it is working to allocate chips fairly across customers, prioritizing those that are able to put them to use immediately.


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Ranked: Semiconductor Companies by Industry Revenue Share

Nvidia is coming for Intel’s crown. Samsung is losing ground. AI is transforming the space. We break down revenue for semiconductor companies.

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A cropped pie chart showing the biggest semiconductor companies by the percentage share of the industry’s revenues in 2023.

Semiconductor Companies by Industry Revenue Share

This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.

Did you know that some computer chips are now retailing for the price of a new BMW?

As computers invade nearly every sphere of life, so too have the chips that power them, raising the revenues of the businesses dedicated to designing them.

But how did various chipmakers measure against each other last year?

We rank the biggest semiconductor companies by their percentage share of the industry’s revenues in 2023, using data from Omdia research.

Which Chip Company Made the Most Money in 2023?

Market leader and industry-defining veteran Intel still holds the crown for the most revenue in the sector, crossing $50 billion in 2023, or 10% of the broader industry’s topline.

All is not well at Intel, however, with the company’s stock price down over 20% year-to-date after it revealed billion-dollar losses in its foundry business.

RankCompany2023 Revenue% of Industry Revenue
1Intel$51B9.4%
2NVIDIA$49B9.0%
3Samsung
Electronics
$44B8.1%
4Qualcomm$31B5.7%
5Broadcom$28B5.2%
6SK Hynix$24B4.4%
7AMD$22B4.1%
8Apple$19B3.4%
9Infineon Tech$17B3.2%
10STMicroelectronics$17B3.2%
11Texas Instruments$17B3.1%
12Micron Technology$16B2.9%
13MediaTek$14B2.6%
14NXP$13B2.4%
15Analog Devices$12B2.2%
16Renesas Electronics
Corporation
$11B1.9%
17Sony Semiconductor
Solutions Corporation
$10B1.9%
18Microchip Technology$8B1.5%
19Onsemi$8B1.4%
20KIOXIA Corporation$7B1.3%
N/AOthers$126B23.2%
N/ATotal $545B100%

Note: Figures are rounded. Totals and percentages may not sum to 100.


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Meanwhile, Nvidia is very close to overtaking Intel, after declaring $49 billion of topline revenue for 2023. This is more than double its 2022 revenue ($21 billion), increasing its share of industry revenues to 9%.

Nvidia’s meteoric rise has gotten a huge thumbs-up from investors. It became a trillion dollar stock last year, and broke the single-day gain record for market capitalization this year.

Other chipmakers haven’t been as successful. Out of the top 20 semiconductor companies by revenue, 12 did not match their 2022 revenues, including big names like Intel, Samsung, and AMD.

The Many Different Types of Chipmakers

All of these companies may belong to the same industry, but they don’t focus on the same niche.

According to Investopedia, there are four major types of chips, depending on their functionality: microprocessors, memory chips, standard chips, and complex systems on a chip.

Nvidia’s core business was once GPUs for computers (graphics processing units), but in recent years this has drastically shifted towards microprocessors for analytics and AI.

These specialized chips seem to be where the majority of growth is occurring within the sector. For example, companies that are largely in the memory segment—Samsung, SK Hynix, and Micron Technology—saw peak revenues in the mid-2010s.


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