Nvidia (NVDA) released its second quarter earnings report which beat expectations on the top and bottom line, with a forecast for the current quarter that...
which beat expectations on the top and bottom line, with a forecast for the current quarter that also beat expectations. The chip giant reported adjusted earnings of $0.68 per share compared to the expected $0.64. Revenue was $30.0 billion versus an estimated $28.86 billion.
Their revenue growth is still spectacular and their, their ability to deliver incremental supply even at these huge rates in a timely way is incredibly impressive. They tried to move to a one year cycle, maybe that was a little too aggressive, but there's not enough good products from competitors at the supply level that can take away business from NVIDIA just because Black a little delayed.
They know they, they're gonna buy as many GP US as they can this year, but there will be a quarter, six months from now, nine months from now where they probably step back and say, you know, we have enough.This is more gamesmanship to make sure that we have uh enough of a lead in the arms race.
Quarter Earnings Report Top And Bottom Colette Kress Market Domination Quarter Earnings
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Could more volatility be on the way?: Asking For A TrendNvidia (NVDA) shares continue to wither while the Federal Reserve wraps the first day of its two-day meeting, with a decision on interest rates coming...
Read more »
How long can chip makers keep the AI hype afloat?Recovering chipmakers like Nvidia (NVDA) are leading the charge in the tech-heavy Nasdaq Composite (^IXIC), which surged by over 2.6% in Wednesday's session ...
Read more »
AI capex spending has been a driving chip stocks: AnalystAdvanced Micro Devices' (AMD) second quarter results have fueled optimism that the AI trade may not be over yet, leading to a pop in Nvidia (NVDA) shares...
Read more »
Nvidia reportedly faces DOJ probe over Run:ai acquisitionShares of Nvidia (NVDA) are under pressure Friday following news that the company is under investigation by the U.S. Department of Justice (DOJ) over...
Read more »
Nvidia investors 'should get comfortable' with volatilityNvidia (NVDA) has seen some volatility recently with shares down in early trading on Friday. Wealth Enhancement Group senior portfolio manager Ayako Yoshioka...
Read more »
'Magnificent Seven' rebounds, Nvidia leads the chargeThe 'Magnificent Seven' - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) - which...
Read more »