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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.
116 Articles
116 Articles
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...
Associated Press News
Asian shares mostly rise after Nvidia earnings beat expectations
Asian stock markets have mostly advanced following stronger-than-expected earnings from chipmaker Nvidia, which helped ease some investor fears over the boom in artificial intelligence.
5 biggest takeaways from Nvidia's Q4 earnings — from the new Vera Rubin chips to an emerging risk
Nvidia's strong Q4 earnings are calming investor nerves amid stock fatigue in the AI sector.Steve Marcus/REUTERSNvidia's strong Q4 earnings are calming investor nerves amid stock fatigue in the AI sector.Nvidia discussed its future risks and its deal with OpenAI.Nvidia shipped its first Vera Rubin chips, promising faster performance and better energy efficiency.Nvidia moved quickly to calm investor nerves during its earnings call on Wednesday.Th…
NVIDIA (NASDAQ:NVDA) Issues Earnings Results, Beats Expectations By $0.10 EPS
NVIDIA (NASDAQ:NVDA - Get Free Report) announced its earnings results on Wednesday. The computer hardware maker reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.10. NVIDIA had a return on equity of 99.24% and a net margin of 53.01%.The business had revenue of $68.13 billion during the quarter, compared to analysts' expectations of $65.56 billion. During the same quarter last year, the business post…
Chip manufacturer Nvidia recorded record sales in the fourth quarter and exceeded expectations. The share of the technology giant also increased as a result. The US technology giant Nvidia recorded record sales of 68.1 billion dollars (57.6 billion euros) in the fourth quarter, significantly exceeding market expectations, thus increasing sales by 73 percent compared to the same quarter of the previous year, as the quarterly figures published by …
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