Nvidia Shines with Promising Q2 Results and Q3 Forecast
Nvidia, the prominent chipmaker, has delivered results that surpassed market estimates, sparking a notable 9% surge in its shares in extended trading on Wednesday.
Performance Breakdown
- Earnings: Nvidia reported an adjusted earnings of $2.70 per share, beating the Refinitiv’s expectation of $2.09.
- Revenue: The company’s revenue stood at a staggering $13.51 billion, outdoing the Refinitiv’s forecast of $11.22 billion.
Data Center Dominance
Central to Nvidia’s stellar performance is its data center segment, particularly fueled by the demand for AI chips like A100 and H100 – vital for AI applications including ChatGPT. This segment alone garnered a revenue…
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