Reported 6 months ago
Nvidia reported record-breaking profits in its fiscal 2025 first-quarter earnings, with revenue soaring 262% year over year to $26 billion, driven by the demand for AI technology. The company's data center revenue, crucial for AI applications, also surged 427% to $22.6 billion, showcasing Nvidia's strong market position. Despite expectations of growth moderation in the future, Nvidia's management remains optimistic about continued demand for its products. With the stock rising 7% in pre-market trading, investors see potential for further upside as Nvidia continues to deliver impressive results and remains well-positioned for future growth in the AI sector.
Source: YAHOO