Nvidia reports 122% revenue growth on surging demand for data center chips
Nvidia reported earnings after the bell that beat Wall Street expectations, and provided stronger-than-expected guidance for the current quarter.
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Nvidia reported earnings after the bell that beat Wall Street expectations, and provided stronger-than-expected guidance for the current quarter.
Tech and chip-related stocks in Asia fell on Thursday, after U.S. chip darling Nvidia reported its second-quarter results overnight, amid a broader decline in the region's key markets.
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Nvidia said Wednesday that its board of directors has approved a $50 billion stock buyback.
PALO ALTO, California -- U.S. chipmaker Nvidia reported another blockbuster earnings quarter on Wednesday, as tech companies around the world eagerly await its next generation Blackwell chips to further accelerate artificial intelligence development and deployment.
Nasdaq 100 futures fell Wednesday night after Nvidia — the artificial intelligence bellwether that's up more than 150% this year — posted strong quarterly results that nevertheless failed to live up to investors' lofty expectations.
Shares of Super Micro Computer tumbled more than 23% on Wednesday, after the company announced it would not file its annual report for the fiscal year with the U.S. Securities and Exchange Commission on time.
For Nvidia investors, the past two years have been a joyride. But recently they've been on more of a roller coaster.