Nvidia's profits soar as AI boom shows no sign of slowing down
Briefly

from www.aljazeera.com4 months ago
Nvidia reported a seven-fold jump in net income to $14.88bn in the first quarter, with revenue more than tripling to $26.04bn, exceeding analysts' expectations.
www.aljazeera.comhttps://www.aljazeera.com/economy/2024/5/23/chk-nvidias-profits-soar-as-ai-boom-shows-no-sign-of-slowing-down
Nvidia plans a stock split, increase in dividend, and forecasts reaching $28bn revenue in the second quarter. CEO Jensen Huang sees a data center shift toward AI factories.
www.aljazeera.comhttps://www.aljazeera.com/economy/2024/5/23/chk-nvidias-profits-soar-as-ai-boom-shows-no-sign-of-slowing-down
Read at www.aljazeera.com
#nvidia #artificial-intelligence #profit-jump #stock-split #demand-for-technology
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