Reported 5 months ago
Nvidia's profit surged in the first quarter, with net income increasing more than sevenfold, reaching $14.88 billion, and revenue more than tripling to $26.04 billion compared to the previous year. CEO Jensen Huang highlighted the company's dominance in AI chips, envisioning the rise of "AI factories" using Nvidia chips to produce artificial intelligence. Nvidia reported earnings per share above analysts' expectations, announced a stock split, and increased its dividend. The company's stock rose 6% in after-hours trading, reflecting its strong performance and position in the market.
Source: YAHOO