Nvidia crushes earnings expectations on AI chip demand

: US chipmaking behemoth Nvidia said Wednesday it made a $19 billion profit on record high revenue last quarter as demand continued for its hardware to power artificial intelligence.“The age of AI is in full steam, propelling a global shift to Nvidia computing,“ said founder and chief executive Jensen Huang.

Following its quarterly report, Nvidia’s share price ebbed nearly two percent in after-hours trading to $143.24. “Despite Nvidia’s technological leadership through CUDA and its first-mover advantage in AI infrastructure, there’s little room for execution missteps in 2025,“ said Emarketer analyst Jacob Bourne.

The market is also likely weighing geopolitical factors, such as the potential for trade turbulence with China after Donald Trump returns to the White House in January.The world’s biggest tech companies have invested tens of billions of dollars into Nvidia’s powerful AI chips and software to get their ChatGPT-style AI models up and running.

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