Nvidia's Quarterly Triumph in Artificial Intelligence

Nvidia's Earnings Highlights in Artificial Intelligence
Nvidia's third-quarter financial results on Wednesday surpassed analyst expectations, signaling that demand for its artificial intelligence chips remains robust amid investor concerns about an AI bubble. The chipmaker reported earnings of $31.9 billion on record revenue of $57 billion for the third quarter.
Quarterly Revenue Surge
- Revenue surged 22% from the previous quarter.
- Year-over-year revenue growth reached 62%.
- Earnings per share hit $1.30.
The Santa Clara, Calif., company had been expected to earn $1.26 per share on revenue of $54.9 billion for the quarter, according to analysts polled by FactSet.
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