Nvidia's blowout earnings report shows chipmaker is gobbling up all the profit in AI

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Nvidia's prodigious cashflow contrasts with its top customers, which are spending heavily on AI hardware and building multi-million dollar AI models.

Nvidia reported an incredible $6.7 billion in net income in the quarter, a 422% increase over the same time last year, in its earnings report for the quarter ended July 30.

Nvidia makes the graphics processors, or GPUs, that are needed to build AI applications like ChatGPT. In particular, there's extreme demand for its highest-end AI chip, the H100, among tech companies right now. The company's stock rose more than 6% after hours on the news, adding to its remarkable gain of more than 200% this year so far.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker