SAN FRANCISCO, California — US chipmaking behemoth Nvidia said on Wednesday it made a $19-billion profit on record-high revenue last quarter as demand continued for its hardware to power artificial intelligence (AI).
SAN FRANCISCO, California — US chipmaking behemoth Nvidia said on Wednesday it made a $19-billion profit on record-high revenue last quarter as demand continued for its hardware to power artificial intelligence . Nvidia reported quarterly sales of $35.1 billion, some $2 billion more than market expectations.'The age of AI is in full steam, propelling a global shift to Nvidia computing,' said founder and CEO Jensen Huang. ON A ROLL A check in monitor is seen in the Nvidia office on Nov.
Following its quarterly report, Nvidia's share price ebbed nearly 2 percent in after-hours trading to $143.24.Investors may have been concerned about the company stating that its margin, the amount of money it makes off processors, is expected to narrow.'Despite Nvidia's technological leadership through CUDA and its first-mover advantage in AI infrastructure, there's little room for execution missteps in 2025,' said Emarketer analyst Jacob Bourne.
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