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Nvidia's earnings beat Wall Street's estimates as AI momentum continues

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Nvidia's second-quarter earnings beat Wall Street analysts' expectations, with total sales and revenue from data centers coming in ahead of estimates amid strong demand for AI chips.

Artificial intelligence giant Nvidia released its latest second-quarter earnings report on Wednesday, which beat analysts' estimates as the company's AI-driven momentum continued. Wall Street expected Nvidia's earnings per share to come in at $0.64, up 137.5% from last year, while its revenue was estimated to be $28.7 billion, up 112.5% from last year, according to LSEG data. Its earnings per share came in at $0.68, while revenue was $30.04 billion.

Huang said in the company's release that it has started sending out Blackwell samples, but didn't offer a timeline related to its anticipated 2025 ramp-up. HOW NVIDIA BECAME THE KING CHIPMAKER, FROM A DENNY'S TO $2.3T MARKET CAP "Blackwell samples are shipping to our partners and customers.

 

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