Nvidia exceeds expectations in the first quarter

Nvidia exceeds expectations in the first quarter
Nvidia exceeds expectations in the first quarter

This was eagerly awaited, extremely awaited by the markets given the weight now acquired on the stock market by the manufacturer of chips optimized for artificial intelligence. Nvidia has once again exceeded analysts’ expectations.

For the three months ended at the end of April, the company posted a profit per share of $6.12, above the $5.59 expected by LSEG, formerly Refinitiv. The turnover came to 26.04 billion dollars, against 24.65 billion anticipated, including 22.6 billion in the now flagship activity of data centers (+427%).

Towards a division by 10 of the action

For the second quarter, Nvidia expects $28 billion in billings and highlights a continued boom for AI, compared to $26.61 billion expected by LSEG. “ Large cloud providers continued to drive strong growth by deploying and scaling Nvidia AI infrastructure at scale, accounting for approximately 40% of our data center revenue », Indicates the company in its press release.

A division by 10 of the title is envisaged.

The stock gained a little more than 2% in after-hours trading.

Nvidia is holding an investor conference in the United States later today.

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