Nvidia beats expectations and claims that demand for AI processors would increase revenues this quarter by 170%.
From $656 million, or 26 cents per share, a year earlier, net income increased to $6.19 billion, or $2.48 per share. Strong sales and a positive outlook for Nvidia highlight how essential the company’s graphics processing units (GPUs) have become to the rise of generative AI. Building and running artificial intelligence (AI) applications like OpenAI’s … Read more