Revenue at artificial intelligence chipmaker up more than 250% as CEO says ‘demand is surging worldwide’
The artificial intelligence boom is pushing demand for Nvidia’s products past Wall Street’s already lofty expectations.
The chipmaker beat analyst expectations on Wednesday by leaps and bounds when it reported fourth-quarter earnings, posting $22.1bn in revenue on an expected $20.55bn and $4.93 in earnings per share against an expected $4.64. Revenue was 22% higher than the previous quarter, up 265% from a year ago.
About Author
More Stories
Boeing production in 2024 expected to be less than half of rival Airbus
Apple asks investors to block proposal to scrap diversity programmes
Pound slides to fresh 14-month low as UK borrowing costs edge higher – business live