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

📆 20/11/2024 23:27:00
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Jensen Huang News

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Nvidia has reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust.

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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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