Nvidia Shares Soar on Blowout Earnings Report
Nvidia Corp (NASDAQ:NVDA) shares jumped 4.71% after hours as the company's fiscal second-quarter earnings report far exceeded analysts' expectations.
The firm reported $96.22 billion in revenue, up 106% year over year and above the roughly $92.2 billion expected by analysts.
Jensen Huang led the company in saying that 'now, compute is revenue,' while describing the AI infrastructure buildout as being at 'full steam.'