US EditionNvidia reports enormous revenue as AI hits a tipping point
- Nvidia's revenues more than doubled to $60.9bn, with its latest quarter revenue more than tripling from a year earlier.
- The company's AI chips powered chatbots like ChatGPT and Google's Gemini.
- Nvidia forecast a 233% increase in quarterly revenues, surpassing analysts' estimates.
103 Articles
103 Articles
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AI boom puts Nvidia on track for biggest rally ever, with market cap up $230 billion in one day - Washington Examiner
Nvidia’s stock skyrocketed on Thursday, and it is on track to set the biggest single-day increase in market value in history, pulling the overall stock market to new highs. The value of Nvidia, a U.S. computer and software company, increased by nearly 15% in one day of trading alone, a day after it released an earnings report that showed profits soaring as artificial intelligence applications drive up demand for its cutting-edge chips. The rally…
A turnover increase of more than 250 percent in one year. Investors were pleasantly surprised to the better-than-expected figures from graphics chipmaker Nvidia. Does artificial intelligence ensure a stable turnover, or is there a bubble?
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