Behind the scenes, NVIDIA has been working hard to develop its cloud business.
In recent years, NVIDIA has quietly begun competing in the cloud computing sector, with competitors being its largest customers, such as Amazon and Microsoft. According to Reuters, NVIDIA is hiring &#34;solution architects&#34; focused on specific industries such as finance, automotive, healthcare, and retail to drive the development of its cloud business.
Analysts believe that although NVIDIA still lags behind existing giants in the cloud computing competition, its deep understanding of GPUs and cost-effective products position it to gain more market share in the future.
Currently, one of NVIDIA's main challenges is to make more enterprises aware of its products. Therefore, NVIDIA needs to invest more effort in enhancing market awareness and expanding its customer base, especially among companies that are cautious about adopting AI technology.
NVIDIA's Chief Financial Officer Colette Kress stated that the annual revenue from the company's software, services, and support business will exceed $2 billion by the end of 2024. Bloomberg believes that this revenue scale allows NVIDIA to successfully join the ranks of companies with top AI cloud businesses.
Additionally, according to a report, NVIDIA stated that its AI cloud service sales are currently among the top, with a potential to achieve $150 billion in revenue through software and cloud services in the future—this target exceeds the current annual revenue of either NVIDIA or Amazon AWS.
However, NVIDIA's cloud business has sparked dissatisfaction among existing cloud service providers, as NVIDIA not only becomes their competitor but may also change the way enterprises acquire the hardware and software needed for AI applications.
Previously, Jensen Huang publicly stated that he plans to enter the cloud provider market by enhancing the company's cloud business and AI software business, and NVIDIA hopes to become a one-stop platform for enterprises to develop and run AI applications.
Reports indicate that NVIDIA is also considering establishing its own data centers to reduce reliance on cloud providers, but it is currently unknown whether this action will actually be taken

MSFT

NVDA

In recent years, NVIDIA has quietly begun competing in the cloud computing sector, with competitors being its largest clients, such as Amazon and Microsoft. Analysts believe that although NVIDIA still lags behind existing giants in the cloud computing competition, its deep understanding of GPUs and cost-effective products are expected to help NVIDIA gain more market share in the future

- NVIDIA is quietly developing its cloud business, competing against major clients like Amazon and Microsoft.  
- The company is hiring solution architects for specific industries to enhance its cloud offerings, aiming to increase market share despite currently lagging behind established giants.  
- NVIDIA's CFO projects annual revenue from software and services will exceed $2 billion by the end of 2024, with potential future revenue from AI cloud services reaching $150 billion, which could disrupt existing cloud service providers.

NVIDIA's "Yangmou": AI Cloud Giants, Doing It Themselves