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Nvidia's blowout quarter reignites AI rally and quiets bubble fears

Nvidia reported a record third-quarter revenue of $57 billion, marking a 62 percent increase from the previous year and surpassing analyst expectations. Net income climbed 65 percent to $31.9 billion, with earnings per share reaching $1.30, above the consensus estimate. The company's strong performance was largely fueled by its data center business, which plays a central role in the global expansion of artificial intelligence. These results have reignited enthusiasm for the artificial intelligence sector and eased concerns about a potential market bubble.

Original article source: https://www.ynetnews.com/tech-and-digital/article/skx7ex2gwe
Source Id: 8964274653

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