Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips

Planning to attend 43rd annual Ford Holiday River Parade? Here’s what you need to knowMeet Oakland Estates’ local treasure and champion of preservationMake household chores easier and more with these Insider DealsGive your favorite hiker an audio upgrade they can bring on the trailsFILE - A sign to a Nvidia office building is shown in Santa Clara, Calif., on Aug. 7, 2024.

Wall Street analysts had been expecting adjusted earnings of 75 cents a share on revenue of $33.17 billion, according to FactSet. “The age of AI is in full steam, propelling a global shift to Nvidia computing,” Jensen Huang, founder and CEO of Nvidia, said in a statement. , as tech giants spend heavily on the company’s chips and data centers needed to train and operate their AI systems.

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Nvidia must show Blackwell chip can drive growth in earnings reportNvidia is on a historic run as its GPU chips are the technology industry’s tool of choice for making and deploying generative artificial intelligence…
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