Nvidia Beats Earnings Expectations as Investors Eye Demand for Blackwell AI Chips

Posted under: AI technologies
Date: 2024-11-21
Nvidia Beats Earnings Expectations as Investors Eye Demand for Blackwell AI Chips

Nvidia on Wednesday reported a surge in third-quarter profit and sales as demand for its specialized computer chips that power artificial intelligence systems remains robust. For the three months that ended Oct. 27, the tech giant based in Santa Clara, California, posted revenue of $35.08 billion, up 94% from $18.12 billion a year ago. Nvidia said it earned $19.31 billion in this quarter.