Nvidia earnings will shed a light on whether Big Tech is fueling an AI boom or bubble
News Source : Associated Press
News Summary
- N Nvidia earned $31.9 billion, or $1.30 per share, a 65% increase from the same time last year, while revenue climbed 62% to $57 billion.
- The company predicted its revenue for the current quarter covering November-January will come in at about $65 billion, nearly $3 billion above analysts’ projections.
- Incoming orders for Nvidia’s top-of-the-line Blackwell chip are “off the charts,” Nvidia CEO Jensen Huang said.
SAN FRANCISCO (AP) Nvidias sales of the computing chips powering the artificial intelligence craze surged beyond the lofty bar set by stock market analysts in a performance that may ease recent jitte [+3276 chars]
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