US EditionNvidia Reports Record Q3 Earnings but Stock Dips on Slowing Growth Expectations
- Nvidia reported third-quarter revenue of $35.08 billion, rising 94% from $18.12 billion a year ago.
- Investors reacted to the report with a 1% decrease in after-hours trading of Nvidia's stock.
- Dan Ives stated that "the AI Revolution is still in the early innings of playing out," suggesting ongoing demand for Nvidia's products.
145 Articles
145 Articles
The US manufacturer of microchips and graphics cards Nvidia managed to double sales and profits in its third fiscal quarter, finished last October. Thus, the net profit went up by 109% compared to the same period last year, up to 19,309 million dollars (about 18,243 million euros), according to the company through a statement. Thus, Nvidia reached record revenues of 35,082 million dollars (33,145 million euros) between August and October, repres…
Nvidia’s AI Chip Demand Still Booming but Slowing Sales Growth Worries Investors
SAN FRANCISCO (Reuters) - Nvidia forecast its slowest revenue growth in seven quarters on Wednesday, with the artificial intelligence chipmaker failing to meet lofty expectations of some investors who have made it the world’s most valuable firm.
The Korea Times
Nvidia crushes earnings expectations on AI chip demand
U.S. chip making behemoth Nvidia said Wednesday it made a $19 billion profit on record high revenue last quarter as demand continued for its hardware to power artificial intelligence.
Nvidia's AI chip demand still booming but slowing sales growth worries investors
SAN FRANCISCO: Nvidia forecast its slowest revenue growth in seven quarters on Wednesday, failing to meet lofty expectations of some investors who have made it the world’s most valuable firm. © New Straits Times Press (M) Bhd
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