Nvidia's AI Chips Power Surge in Earnings

Nvidias shares surged by seven percent in after-hours trading following impressive fiscal first quarter earnings, exceeding Wall Streets expectations for both revenue and profits. The company reported revenue of twenty-six point zero four billion dollars and adjusted earnings per share of six dollars and twelve cents, beating estimates. Nvidia expects revenue of twenty-eight billion dollars for the next quarter, exceeding analysts predictions. The Data Center segment, which includes AI chips, saw a four hundred twenty-seven percent year-over-year increase, while Gaming revenue rose by eighteen percent. Nvidias CEO, Jensen Huang, emphasized the strong demand for their data center platforms and confirmed the on-track shipping of their next-generation AI chip, Blackwell, in the second quarter.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.