Nvidia Shares Surge on Robust Earnings, AI Chip Demand

Nvidia shares surged by over seven percent in after-hours trading after reporting impressive fiscal first-quarter earnings, exceeding expectations with a revenue of twenty-six point zero four billion dollars and adjusted earnings per share of six dollars and twelve cents. The companys data center revenue, driven by AI chips, skyrocketed by four hundred and twenty-seven percent year over year. Nvidias CEO, Jensen Huang, expressed confidence in the companys role in the next industrial revolution and the strong demand for their products. The upcoming Blackwell AI chip further fuels optimism for continued growth and innovation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.