Stocks
Nvidia Revenue Doubles Amid AI Boom
Nvidia's quarterly revenue has more than doubled to $96.2 billion, a significant jump from last year.
The company's data center revenue saw a massive increase of 117% to $89 billion, with investors particularly enthusiastic about Nvidia's growth prospects.
Nvidia is forecasting a 70% rise in income for fiscal 2028, well above analyst expectations. This positive outlook has led to a surge in the company's shares, which rose more than 4% after hours.