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Nvidia crushes earnings expectations with $57 billion in quarterly revenue

image sourced from original article at https://www.ynetnews.com/business/article/s111nh6igwg

Nvidia reported a record-breaking quarter, posting $57 billion in revenue, far surpassing market expectations. The company's data center division alone generated $51.2 billion, beating projections and highlighting the surging demand for artificial intelligence technologies. Nvidia also raised its outlook for the current quarter, projecting $65 billion in revenue, which is higher than what analysts had anticipated. Chief executive Jensen Huang attributed the strong performance to widespread adoption of artificial intelligence across industries and emphasized the exceptional demand for the company's latest chips.

Original article source: https://www.ynetnews.com/business/article/s111nh6igwg
Source Id: 8963967401

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