Nvidia, leading the AI chip market, saw its market value soar by $2.5 trillion, showcasing a remarkable revenue leap of 94% year-over-year.
With net income jumping from $9.24 billion to $19.04 billion, Nvidia's quarterly profits now exceed those of Amazon and Meta, emphasizing its strong financial position.
Despite strong earnings, Nvidia shares dipped 3% in after-hours trading due to supply constraints on its much-anticipated new A.I. chip, Blackwell.
The demand for Nvidia’s new Blackwell chip helped drive a revenue forecast of $37.5 billion, exceeding Wall Street expectations and illustrating customer enthusiasm.
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