Nvidia smashes forecasts with record quarter

Nvidia on Wednesday reported blockbuster quarterly results that blew past Wall Street expectations, posting record revenue of $68.1 billion as insatiable demand for its artificial intelligence chips showed no sign of cooling.

- AFP

The 73% jump, topping forecasts, signalled Nvidia-led AI buildout remains strong.

(REUTERS)

The figures—up 73% from a year ago and well above the $65.7 billion analysts had forecast—sent a powerful signal that the technology buildout dominated by Nvidia that underpins the global AI boom remains in full swing.

Net income for the quarter more than doubled year-on-year to $42.96 billion, causing a share price bump that was quickly erased by apparent investor profit taking.