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Nvidia predicts higher quarterly revenue
Nvidia, the American artificial intelligence chip giant, announced quarterly revenues of $96.2 billion, surpassing Wall Street's expectations, and more than doubling compared to the same period last year. The company's strong results contributed to its stock rising approximately 5% after market close, although the annual gains did not exceed 13%. Nvidia expects its revenue in the next quarter to reach around $108 billion, with an anticipated growth rate of 70% during the coming fiscal year, driven by increased spending on the AI sector, which may exceed one trillion dollars this year. This growth is supported by significant investments from major clients such as Amazon, Microsoft, and Google. The company also discussed its new AI models and highlighted the massive investments in data centers and infrastructure. Despite supply constraints, demand for its products remains strong, and ongoing expansions and investments in startups are expected to further solidify its position in the industry.
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