Nvidia thinks AI boom is far from over as GPU sales drive big earnings win
News Summary
- Nvidia CEO Jensen Huang expects the AI boom to last well into next year
- Nvidia will buy back billion of shares which happen to be worth triple what they were just before the generative AI craze kicked off
- The firm reported its adjusted gross margins a financial metric that measures a company s profitability after accounting for the cost of goods sold almost doubled to percent in its second quarter
- Nvidia enjoys what Reuters calls a near monopoly on hardware that accelerates the training and deployment of neural networks that power today sGenerative AI models
21 with On top of Wednesdays news that Nvidia earnings have performed far better than expected, Reuters reports that Nvidia CEO Jensen Huang expects the AI boom to last well into next year. As a t [+2834 chars]
