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Nvidia reports earnings beat as AI boom pushes data center revenue up 75%
Nvidia's data center sales surged 75% year-over-year to $62.3 billion, as AI infrastructure spending by major cloud providers fuels record quarterly revenue growth.
- 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.
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168 Articles
168 Articles
Chipmaker Nvidia has delivered a record quarter, once again exceeding Wall Street expectations. However, investors are reacting cautiously, with concerns about growing competition from China dampening the buying mood.
·Hamburg, Germany
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Nvidia reports an increase in sales of 73 percent to 68.1 billion dollars. Forecasts exceed expectations, despite concerns about an AI bubble. Challenges in chip production and the market in China remain unclear.
·Munich, Germany
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The Nvidia Cigarette producer published better results than is estimated for the quarter quarter, ended in January, and predicted income for the current quarter over the market's expectations, measuring the costs that...
·Romania
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Total News Sources168
Leaning Left26Leaning Right20Center40Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 30%
C 47%
R 23%
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