Computer chip giant Nvidia smashed first-quarter earnings and revenue expectations powered by continuing demand from artificial intelligence data centres.
Source: Sharecast
Revenue came in at $81.62bn for the three months to April 30, up 85% and beating expectations of $78.86bn. Earnings also exceeded Wall Street forecasts of $1.76 per share with a reported figure of $1.87 per share. Data centre revenue grew 92% to a record $75.2bn.
Nvidia forecast $91bn in sales for the current quarter, well above average expectations of $86bn.
Reporting by Frank Prenesti for Sharecast.com
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