Urgent.News

What's breaking now, across thousands of outlets.

Business

Chiphersteller: Nvidia verdoppelt Umsatz und Gewinn

Trotz starkem Wachstum bei Umsatz und Nettogewinn zeigen sich Anleger von Nvidia nach den Quartalszahlen zunächst kaum beeindruckt.

Chiphersteller: Nvidia verdoppelt Umsatz und Gewinn

Santa Clara - The relentless demand for computing power to run artificial intelligence applications continues to propel Nvidia, the global leader in AI chips. In the second quarter that ended on July 26, the company's revenue surged to $96.2 billion, more than double the figure from the same period last year. Net income jumped 126 percent to $59.7 billion.

For the current third quarter, revenue is expected to grow to $108 billion, within a 2 percent range. This upper limit is still slightly above analysts' average estimate. Operating profit after special items is still projected to retain 74 percent, up from 75 percent in the second quarter. Investors, accustomed to rapid revenue growth and high margins, may find it challenging to remain satisfied with such strong performance, as Nvidia's stock price slipped by nearly one percent shortly after the market closed.

Nvidia's graphics processing units have been the key technology behind the AI boom, from powering training of large AI language models to running them, especially in the gaming market. With its stock now worth $5.07 trillion, Nvidia has become the world's most valuable company.

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 →