Nvidia's AI Chips Drive Record Earnings, Blackwell in Production

Nvidias shares surged by over seven percent in after-hours trading following their fiscal first-quarter earnings report, which exceeded expectations and forecasted robust growth. The companys revenue hit twenty-six point zero four billion dollars, and adjusted earnings per share reached six dollars and twelve cents. A significant contributor to this success was their data center revenue, which includes AI chips, climbing to twenty-two point six billion dollars, a four hundred and twenty-seven percent increase from the same period last year. Nvidias CEO, Jensen Huang, highlighted the transformative potential of AI and announced the full production of their next-generation AI chip, Blackwell, set to ship in the third quarter. This strong performance also boosted shares of other AI-related companies.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.