The chipmaker's report received applause across Wall Street.
Wall Street analysts seemingly can't get enough of Nvidia . The chip maker earned an adjusted $2.70 per share on $13.51 billion in revenue. That easily exceeded the expectations of analysts surveyed by Refinitiv, who forecasted $2.09 earned per share and revenue at $11.22 All eyes were on the artificial intelligence darling's report, as investors wondered if the company could meet heightened expectations.
mountain Nvidia's 2023 rally Nvidia also forecasted for more strength ahead with guidance for current-quarter revenue set at around $16 billion. That would easily surpass the $12.61 billion anticipated by analysts. Meanwhile, net income was more than 400% higher than the same quarter a year ago. Multiple Wall Street analysts pointed to Nvidia's data center business, which includes its AI chips, as an area with potential to help drive further gains.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Nvidia earnings: What Wall Street expects from the AI-chip giantNvidia reports its fiscal second-quarter earnings after the close of markets on Wednesday.
Leer más »
Nvidia stock: Wall Street gears up for chipmaker's earnings reportFollow all the action as MarketWatch tracks Nvidia and its key earnings release.
Leer más »
How Nvidia earnings could send ripples through Wall StreetNvidia is slated to post fiscal second-quarter earnings after the bell Wednesday. Analysts have lofty expectations for the chipmaker.
Leer más »
Nvidia stock: Wall Street gears up for chipmaker's earnings reportFollow all the action as MarketWatch tracks Nvidia and its key earnings release.
Leer más »
Nvidia stock: Wall Street gears up for chipmaker's earnings reportFollow all the action as MarketWatch tracks Nvidia and its key earnings release.
Leer más »
Nvidia forecasts third-quarter revenue above Wall Street expectationsChip designer Nvidia forecast third-quarter revenue above Wall Street targets on Wednesday, boosted by soaring demand for its chips that power nearly all the world's major artificial intelligence apps.
Leer más »