NVIDIA earnings are out
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The poster child of Wall Street's artificial intelligence craze reported better-than-expected results amid rising investor uncertainty about the the economics of AI.
Chip giant Nvidia has reported record annual revenue of $215.9bn (£159.1bn), despite a wave of investor scepticism about the massive amounts of money being spent on artificial intelligence (AI) technology. The firm also beat analyst's forecasts as sales for the last three months of its financial year jumped by 73% compared to 12 months earlier.
The U.S. chipmaker has yet to confirm shipments to China despite Washington easing restrictions on exports of advanced chips.
AI panic has erased more than $1 trillion from tech stocks. This analysis explains why the selloff is accelerating and what Nvidia’s earnings mean for investors.
Artificial intelligence chipmaker Nvidia on Wednesday announced another quarter of astounding quarterly growth as investors try to decipher whether technology’s latest craze is overblown hyperbole or a springboard into a new era of prosperity and productivity.
Nvidia CEO Jensen Huang joins 'Squawk Box' to discuss the company's quarterly earnings results, revenue growth in its core data center business, AI chip demand, and more.
Nvidia wants to be in your next laptop, not just your data center.
The AI bellwether reported $68 billion revenue last quarter, expecting it to grow to $78 billion next quarter.
Nvidia Corporation Q4 earnings smashed estimates as AI/hyperscaler demand boosts margins. Click for this updated look at NVDA following the latest news.
There's a brewing debate over Nvidia's future dominance in the AI chip market as custom chip projects like Google's tensor processing units gain momentum. But don't expect that competitive pressure to show up in Nvidia's Wednesday earnings report.