Nvidia sales surged in its latest quarter and profits nearly doubled, a sign of the strength of an artificial intelligence boom that has made the company the world’s most valuable. Nvidia on Wednesday also projected around $37.5 billion of revenue for its current quarter, topping forecasts and suggesting its next-generation AI chips, known as Blackwell, are in high demand from customers like Microsoft Google, Meta and Elon Musk’s xAI. The company, whose chips have powered the rise of AI technology, said it expects the Blackwell chips to ship in the current quarter and be in short supply into its next fiscal year. Read More...
Nvidia sales surged in its latest quarter and profits nearly doubled, a sign of the strength of an artificial intelligence boom that has made the company the world’s most valuable. Nvidia on Wednesday also projected around $37.5 billion of revenue for its current quarter, topping forecasts and suggesting its next-generation AI chips, known as Blackwell, are in high demand from customers like Microsoft Google, Meta and Elon Musk’s xAI. The company, whose chips have powered the rise of AI technology, said it expects the Blackwell chips to ship in the current quarter and be in short supply into its next fiscal year.
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