Nvidia rides big tech’s AI investment to beat Wall Street’s sky-high expectations
by Edward Helmore from Technology | The Guardian on (#6QAFZ)
Chipmaker, third most valuable company in world, records $30.04bn in revenue, showing AI demand continues to rise
Chipmaker Nvidia reported its latest financial results on Wednesday, recording $30.04bn in revenue over the past three months - a 122% jump from the year prior - and showing that artificial intelligence investment mania shows no signs of cooling.
Analysts had anticipated about $28.7bn in revenue. Shares slid more than 3% in after-hours trading.
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