Nvidia reports record quarterly revenue as AI spending surges
The chips giant posted record sales exceeding forecasts, though its stock fell slightly amid broader market uncertainty.
Nvidia reported record quarterly revenue driven by strong AI demand. The company's sales significantly beat analyst estimates. Despite the strong financial results, the stock experienced a slight decline as investors reacted to market concerns about future AI spending levels.
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BusinessDesk
Nvidia’s blowout second quarter leaves investors unmoved
By Robbie Whelan The chips giant reported record sales of US$96.2 billion (NZ$161.8b), beating estimates by 4%, but its stock fell slightly amid market jitters over AI spending
NZ Herald
Nvidia doubles revenue, forecasts even more AI spending
Nvidia reports $154 billion quarterly revenue as AI spending drives demand.