Nvidia's second quarter revenue reached $30 billion, more than double from last year, showcasing its dominance in the booming generative AI market, despite a minor drop in stock.
Despite beating revenue and earnings expectations, Nvidia's shares fell by 3% in after-hours trading, indicating market volatility and investor expectations that go beyond the immediate results.
Controlling 90% of the AI chip market, Nvidia is benefitting from substantial investments by tech giants like Google and Amazon, driving its stock value and market position.
Nvidia anticipates sales of $32.5 billion for the upcoming quarter, exceeding analyst expectations and highlighting the company's growth trajectory within the rapidly evolving AI technology sector.
[
Collection
]
[
|
...
]