Reported about 7 hours ago
Nvidia, a leading AI chipmaker, has projected its third-quarter revenue to reach $54 billion, surpassing Wall Street's expectations, driven by strong demand for its AI chips from cloud providers. Despite a slight decline in its compute revenue, overall growth remains robust as the company navigates challenges tied to international markets. Analysts express confidence in the ongoing AI trade, despite concerns over slowing growth rates and potential impacts from geopolitical tensions.
Source: YAHOO