Jensen's vision came true just a few years later. In May 2024, Nvidia disclosed that the portion of the company that was formerly Mellanox had generated $3.2 billion in quarterly revenue, up more than seven times from the final quarter in early 2020 in which Mellanox reported as a public company. After just four years, the former Mellanox business, which had cost Nvidia a one-time fee of $6.9 billion, was generating more than $12 billion in annualized revenue and growing at triple-digit rates.
"Mellanox was frankly a wonderful thing thrown in our lap by activists," a senior Nvidia executive said. "If you talk to AI start-ups today, InfiniBand, Mellanox's networking technology, is incredibly important to scale the computing power and make everything work."