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Nvidia reports earnings beat as AI boom pushes data center revenue up 75%
- Nvidia reported strong earnings results, driven by a 75% increase in data center revenue due to AI investments by major tech companies.
- Big tech firms like Alphabet, Microsoft, Amazon, and Meta are expected to spend over $630 billion on data centers and processors by 2026, fueling demand for Nvidia's AI chips.
- While smaller rival AMD is launching new AI chips and partnering with Nvidia's customers, Big Tech companies are also developing in-house chips to meet their AI computing needs.
67 Articles
67 Articles
Nvidia's strong quarter and outsized guidance soothe fears of an AI investment bubble
On February 25, Nvidia's blowout fourth-quarter results and bullish fiscal-2027 guidancehelped dispel recent market worries that the AI spending boom may be an unsustainable bubble, as the company reported record sales and signaled continued rapid demand for data‑center compute.
Chip titan Nvidia posts record $68B in sales in latest quarter despite AI bubble worries
Nvidia on Thursday posted $68 billion in sales in its fiscal fourth quarter, a 20% jump that beat analyst expectations and helped quiet the drumbeat about a looming artificial-intelligence bubble.
Nvidia Results Blow Past Analysts' Expectations
Artificial intelligence chipmaker Nvidia on Wednesday announced another quarter of astounding quarterly growth as investors try to decipher whether technology's latest craze is overblown hyperbole or a springboard into a new era of prosperity and productivity. The results for the November-January period blew past the analyst projections that shape investors'...
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