Today: Nvidia delivers strong numbers | Social media addiction: Meta's $18 billion settlement
The Street can breathe a sigh of relief - Nvidia's figures are keeping the AI boom alive. And: Meta commits to these measures for Facebook and Instagram.
Nvidia reported a doubling of its revenue to $96.2 billion for the second quarter, surpassing analyst expectations. The chip giant forecasts a revenue of $108 billion for the third quarter. The company's performance has alleviated concerns on Wall Street about a potential AI market bubble. Separately, Meta has agreed to a major settlement with 48 US states over allegations that its social media platforms, Instagram and Facebook, are addictive and have negative effects on children and teenagers.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
