SAN FRANCISCO, California — Artificial intelligence (AI) behemoth Nvidia on Wednesday said quarterly sales reached a higher-than-expected $30 billion in the last quarter, though that growth was slower than the furious pace seen in previous quarters.
SAN FRANCISCO, California — Artificial intelligence behemoth Nvidia on Wednesday said quarterly sales reached a higher-than-expected $30 billion in the last quarter, though that growth was slower than the furious pace seen in previous quarters.Declared by Wall Street to be the world's most important stock, the California-based AI chipmaker led by Chief Executive Officer Jensen Huang saw its share price fall by about 4 percent in after-hours trading.
sign for an Nvidia office building is shown in Santa Clara, California, on Aug. 7, 2024. Nvidia on Aug. 28, 2024 posted higherthan-expected sales in the previous quarter amounting to $30 billion. AP PHOTOThe world's biggest tech companies have invested tens of billions of dollars, quarter after quarter, into Nvidia's powerful AI chips and software in order to get their ChatGPT-style AI models up and running.
Giant Nvidia Beats Expectations
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