Tuesday, July 16, 2024

Nvidia’s profit soars, underscoring its dominance in chips for artificial intelligence

Nvidia CEO Jensen Huang makes the keynote address at Nvidia GTC in San Jose, Calif. on March 18, 2024. Nvidia reports earnings on Wednesday, May 22, 2024. Credit: AP Photo/Eric Risberg Nvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chipmaking dominance that has made the company an icon of the artificial intelligence boom. Its net income rose more than sevenfold compared to a year earlier, jumping to $14.88 billion in its first quarter that ended April 28 from $2.04 billion a year earlier. Revenue Read More

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