Reported about 16 hours ago
Nvidia (NVDA) surpassed fourth quarter revenue and earnings estimates, primarily due to strong demand from cloud service hyperscalers like Amazon and Google. Analyst Ali Mogharabi emphasized that while spending is not at its peak yet, the demand for Nvidia's latest Blackwell GPUs remains robust. He pointed out the competitive risk as hyperscalers also develop their in-house chips while still relying on Nvidia for computing power, especially in the advancing field of artificial intelligence.
Source: YAHOO