Nvidia revenue doubles on continued AI demand

Chipmaker's $96bn quarter beat forecasts as demand for AI hardware continues to accelerate.

Nvidia's Upbeat Sales Outlook Eases Concerns About AI Economy

Nvidia, the chipmaker at the heart of the artificial intelligence boom, said it forecasts revenue growth of about 70% in fiscal 2028. Analysts had predicted 45%. The upbeat outlook offered relief to investors concerned about a bubble in the AI economy. Bloomberg's Tom Mackenzie has more. (Source: Bloomberg)

FirstFT: Nvidia results beat Wall Street expectations

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Asian technology shares ride high on AI optimism after Nvidia’s ‘stunning’ results – business live

Investors breathe sigh of relief after AI bellwether Nvidia reports doubling in quarterly revenue to nearly $100bn More on Shein. The company, which sells £5 dresses and £11-£15 jeans, is set to price its initial public offering (IPO) at HK$48.56 a share, near the midpoint of its HK$47.60 ⁠to HK$49.50 range, Reuters reported. The ​IPO will value the company ‌at about a quarter of its ‌nearly $100bn peak in 2022, and well below the $66bn it was valued at in a 2023 ‌fundraising round. Continu...

By Julia Kollewe

Nvidia Earnings: Raising Fair Value to $310 from $280 as AI Buildouts are Accelerating - Morningstar

Nvidia Earnings: Raising Fair Value to $310 from $280 as AI Buildouts are Accelerating  Morningstar

Nvidia doubles revenue, forecasts even more AI spending

AI juggernaut Nvidia on Wednesday reported quarterly revenue of $96.2 billion, more than double from a year earlier, as the world's most valuable company beat Wall Street expectations and forecast even stronger sales ahead. Shares leapt nearly five percent in after-hours trading on Wall Street. Nvidia is considered the bellwether for the AI spending frenzy, with its results largely determined by mega purchases from AI giants such as OpenAI, Amazon, Microsoft and xAI. "The AI infrastructure build

By The Korea Herald

Tokyo stocks mixed on Nvidia's robust earnings, profit-taking

TOKYO (Kyodo) -- Tokyo stocks were slightly mixed Thursday morning, as gains in artificial intelligence- and semiconductor-related shares after U.S. c

Nvidia forecasts 70% sales growth next year as it remains bullish on AI spending boom

By Reuters

Strong AI chip demand fuels Nvidia's Q2 results well beyond Wall Street's expectations

Strong AI chip demand fuels Nvidia's Q2 results well beyond Wall Street's expectations

Nvidia gives bumping 70% sales forecast for next year

Artificial intelligence giant Nvidia reported on Wednesday another estimates-beating financial result with its quarterly revenue climbing to $96.2 billion, more than double from a...

US Inflation shifts focus to Jackson Hole, Nvidia lifts markets - Nation Thailand

US Inflation shifts focus to Jackson Hole, Nvidia lifts markets  Nation Thailand

Nvidia revenue doubles on continued AI demand

Chip giant Nvidia has reported another huge jump in sales as the global push to build artificial intelligence (AI) systems continues at a rapid pace.

By Abubakar Ibrahim

NVIDIA reports better than expected Q2 results

New York: Tech giant NVIDIA on Wednesday reported better-than-expected fiscal second-quarter results and issued revenue guidance that topped estimates. The...

By Times of Oman