Nvidia sales grow 78% on AI demand, company gives strong guidance
- Nvidia reported revenue of $39.3 billion for the fourth quarter, a 78% increase from last year, surpassing Wall Street expectations for revenue of $38.1 billion according to FactSet.
- Nvidia's profit rose by 80% to $22.09 billion, driven by strong demand for its Blackwell AI chips, which are used in AI systems.
- Nvidia's Founder Jensen Huang stated, 'Demand for Blackwell is amazing as reasoning AI adds another scaling law,' highlighting the growth in AI applications.
- Despite challenges from U.S. Chip export restrictions, Nvidia projects revenue growth to $43 billion in the current quarter, exceeding analyst predictions.
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163 Articles
163 Articles
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Center
25
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14
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Total News Sources163
Leaning Left17Leaning Right14Center25Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 30%
C 45%
R 25%
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