Urgent.News

What's breaking now, across thousands of outlets.

Business

Chipentwickler: Nvidia übertrifft mit Umsatzprognose Erwartungen – Aktie steigt

Aufatmen an der Wall Street: Der Chipriese hat einen soliden Quartalsbericht vorgelegt und kann Gewinn und Umsatz deutlich steigern. Dennoch treiben Sorgen die Investoren um.

Original German Read in English

Chipentwickler: Nvidia übertrifft mit Umsatzprognose Erwartungen – Aktie steigt

San Francisco – Nvidia has surpassed Wall Street expectations with its revenue forecast, causing the company's stock price to rise. The world's largest provider of high-performance processors for artificial intelligence (AI) projected sales of $108 billion for the upcoming third quarter, exceeding the average estimate of $104 billion by analysts from LSEG.

Nvidia had previously reported a significant increase in both revenue and profit in the previous quarter, with earnings per share rising to $2.22 and sales hitting around $96 billion, both surpassing expectations. Consequently, the stock price climbed by more than four percent after previously falling by about 1.5 percent during the day.

This performance has put Nvidia's stock up by 14.2 percent over the course of the year, while competitors AMD and Intel have seen their stock prices more than double. Nvidia's numbers are now seen as a key benchmark for determining whether the AI boom will continue and contribute to the growth of the US economy, prompting cautious anticipation ahead of the release of the earnings figures.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

More in Business

More from Wednesday 26 August →