Stocks
Nvidia Crushes Earnings, Eyes 70% Growth Amid AI Boom
Nvidia's earnings report for the most recent quarter exceeded expectations, with revenue doubling to $96.2 billion, a 106% rise from the same period last year.
The company's sales to data centers drove this growth, with revenue in this segment increasing by 117% to $89 billion.
Nvidia's CFO Colette Kress told investors that the company expects its fiscal 2028 income to grow by 70%, a more optimistic forecast than analysts had predicted.
Nvidia's CEO Jensen Huang attributed the company's growth to its role in the AI ecosystem, calling it a 'bellwether for the state of the AI market.'