US EditionNvidia reports earnings beat as AI boom pushes data center revenue up 75%
Nvidia's data center revenue surged about 75% amid AI boom, with $68.1 billion quarterly revenue beating estimates and strong guidance for $78 billion next quarter.
- 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.
252 Articles
252 Articles
Wall Street has negative variations, since, despite Nvidia's good results, investors do not consider that there are guarantees in the perspectives they have on artificial intelligence.The Dow Jones is the only one that advances, with 0.17 percent, in the 49,572.56 integers, while the casualties were 0.92 percent for Nasdaq, in the 22,934.55 points, and the S&P 500, with 0.30 percent less, is placed in the 6,925.55 units.
Stocks hold steady on Wall Street and Nvidia slips despite beating forecasts
NEW YORK (AP) – Stocks are in a holding pattern in early trading on Wall Street, and AI chip giant Nvidia slipped despite delivering results and a forecast that beat expectations. The S&P 500 edged down 0.1% in early trading Thursday. The index is still holding on to a gain for the week. The Dow Jones Industrial Average rose 235 points, or 0.5%, and the Nasdaq composite fell 0.7%. Salesforce rose after its profits also beat forecasts. European m…
Why Nvidia beat estimates, again
The technology giant Nvidia just reported a great fourth quarter. The company operates on a January fiscal year. It comfortably beat analyst expectations, primarily because of the explosion in artificial intelligence infrastructure spending. Importantly, the largest U.S. data center companies just announced dramatic increases in artificial intelligence capital spending. Spending by the so-called hyperscalers will rise well over 50% to almost $70…
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