US EditionNvidia reports earnings beat as AI boom pushes data center revenue up 75%
Nvidia's data-center revenue surged 70% as AI infrastructure spending by major tech firms drives the market for AI chips, analysts project continued strong growth.
- Nvidia reported strong earnings results, driven by a 75% increase in data center revenue due to AI investments by major tech companies.
- Big tech firms like Alphabet, Microsoft, Amazon, and Meta are expected to spend over $630 billion on data centers and processors by 2026, fueling demand for Nvidia's AI chips.
- While smaller rival AMD is launching new AI chips and partnering with Nvidia's customers, Big Tech companies are also developing in-house chips to meet their AI computing needs.
15 Articles
15 Articles
Nvidia's strong quarter and outsized guidance soothe fears of an AI investment bubble
On February 25, Nvidia's blowout fourth-quarter results and bullish fiscal-2027 guidancehelped dispel recent market worries that the AI spending boom may be an unsustainable bubble, as the company reported record sales and signaled continued rapid demand for data‑center compute.
Chip titan Nvidia posts record $68B in sales in latest quarter despite AI bubble worries
Nvidia on Thursday posted $68 billion in sales in its fiscal fourth quarter, a 20% jump that beat analyst expectations and helped quiet the drumbeat about a looming artificial-intelligence bubble.
Nvidia Results Blow Past Analysts' Expectations
Artificial intelligence chipmaker Nvidia on Wednesday announced another quarter of astounding quarterly growth as investors try to decipher whether technology's latest craze is overblown hyperbole or a springboard into a new era of prosperity and productivity. The results for the November-January period blew past the analyst projections that shape investors'...
Nvidia beats Q4 estimates, gives stronger-than-expected Q1 forecast
Nvidia reported very strong earnings and its stock went up after the news. The company made record revenue and expects more growth next quarter. Its AI data center business is the biggest reason for this success. Experts say Nvidia is very important for the AI industry, and many big tech companies are spending heavily on AI, helping Nvidia grow.
Investors have doubts as to whether the huge investments in AI data centers are ever earned back. However, the business with chips at Nvidia continues to run unchecked.
Nvidia had a record-high revenue of $68.1 billion in the fourth quarter, which corresponds to 430 million kroner.
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