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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.
143 Articles
143 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.
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.
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.
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…
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