Nvidia turned a steep 30% gaming revenue drop into a powerhouse AI data-center climb, boosting its data-center sales sixfold since fiscal year 2023.
Data-center revenue climbed from $3.75 billion in fiscal year 2023 to over $4.28 billion by fiscal year 2024, more than doubled to above $10 billion in Q2 FY2024, and reached a record $22.5 billion in Q1 FY2025, even as gaming revenue slumped to $2.6 billion in Q1 FY2025 from $3.4 billion a year earlier.
External pressures included pandemic-driven consumer shifts, inflation-tightened budgets, and U.S. export restrictions imposed in August 2022 that sidelined the A800 and H800 series, costing Nvidia about $400 million, while the later release of the RTX 4090 D helped restore limited sales to China.