🤖 Strong AI Chip Demand Fuels Nvidias Q2 Results
Published by OOPSONLINE.IN · Source: The Atlanta Journal-Constitution · 1 min read · · Updated
What actually happened
Nvidia’s latest quarterly results once again blew past Wall Street’s expectations as revenue for the computer chip company’s high-end artificial intelligence chips soared, the latest sign that AI infrastructure spending remains strong. The company on Wednesday reported net income of $59.69 billion, or $2.46 per share, for the May-July period. Excluding certain items, earnings were $2.22 per share, well above the $2.09 per share consensus forecast by Wall Street analysts, according to FactSet. Revenue more than doubled from a year earlier to $96.22 billion, surpassing analysts’ average forecast
Key points
- Nvidia’s latest quarterly results once again blew past Wall Street’s expectations as revenue for the computer chip company’s high-end artificial intelligence chips soared, the latest sign that AI infrastructure spending remains strong.
- The company on Wednesday reported net income of $59.
- 69 billion, or $2.
- 46 per share, for the May-July period.
Summary based on data provided by The Atlanta Journal-Constitution. Full article available at the original publisher.
- #ai
- #strong
- #chip