Revenue: The company generated $26.04 billion in revenue, surpassing the expected $24.65 billion.
Net Income: Nvidia’s net income soared to $14.88 billion, or $5.98 per share, a dramatic increase from $2.04 billion, or 82 cents per share, in the same period last year.
Future Projections
For the current quarter, Nvidia forecasts sales of $28 billion, outpacing Wall Street’s expectations of $26.61 billion in revenue and an EPS of $5.95. This optimistic outlook suggests sustained momentum in the AI market.
Business Segments Performance
Data Center: Nvidia’s data center segment, encompassing AI chips and related components, saw a remarkable 427% year-over-year increase in revenue, reaching $22.6 billion. This surge was primarily driven by the success of its “Hopper” graphics processors, including the H100 GPU.
Networking:…
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