On Wednesday, Nvidia released its highly anticipated quarterly earnings and they were, once again, as you'd expect them. Sales almost year-over-year to $35.1 billion, while non-GAAP profit of 81 cents per share was of estimates of 75 cents per share.
It seems that it's simply not enough for Wall Street that a company is profitable, they want to know whether Nvidia, which is the most valuable company in the world, will continue to grow its profits.
When announcing its earnings, the company said that it expects to generate $37.5 billion in sales in the next quarter - a growth of 69.5% when compared to the recent quarter's 94%.
Nvidia's current bread and butter are the Hopper class of chips that have been a huge hit with corporations looking to build data centers to power their generative AI models.
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