Nvidia's AI Chips Soar, Blackwell in Production

Nvidias shares surged by over seven percent in after-hours trading following a strong fiscal first-quarter earnings report. The company exceeded expectations with a revenue of twenty-six point zero four billion dollars and adjusted earnings per share of six dollars and twelve cents. Nvidias data center revenue, driven by AI chips, skyrocketed by four hundred and twenty-seven percent year-over-year. The companys next-generation AI chip, Blackwell, is now in full production and set to ship in the third quarter, promising significant performance improvements. Despite some analysts concerns, Nvidias demand for AI chips remains robust, boosting 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.