Reported 5 months ago
Nvidia's CEO, Jensen Huang, declared that the "next industrial revolution has begun" during the company's fiscal-first-quarter report, highlighting the impact of artificial intelligence on various industries. The company's strong financial performance included earnings of $6.12 per share and a revenue increase of 262% year over year, with data-center revenue reaching $22.6 billion. Analysts responded positively to Nvidia's results, with TheStreet Pro's Chris Versace raising the stock's price target to $1,250 and noting the company's confidence in its business prospects. Huang emphasized the shift towards AI-driven computing models and the transformative capabilities of Nvidia's technology.
Source: YAHOO