( ) -q-26- UNDATED (Correspondent Jeremy House) “artificial intelligence boom.” Nvidia may have exceeded Wall Street estimates as its profit jumped, although investors seemed less than impressed. [CutID: <Cuts> NVIDIA-house-q-THUam.mp3 Time: 26s Title: NVIDIA-house-q-THUam Out-cue: artificial intelligence boom] TAG: Correspondent Jeremy House reporting. ————————- The company reported a net income of to $16.6 billion. Adjusted […]
Audio
Nvidia stock slips even after strong earnings, demand for AI chips surges
( ) -q-26- UNDATED (Correspondent Jeremy House) “artificial intelligence boom.”
Nvidia may have exceeded Wall Street estimates as its profit jumped, although investors seemed less than impressed.
[CutID: <Cuts> NVIDIA-house-q-THUam.mp3
Time: 26s
Title: NVIDIA-house-q-THUam
Out-cue: artificial intelligence boom]
TAG: Correspondent Jeremy House reporting.
————————-
The company reported a net income of to $16.6 billion. Adjusted for one-time items, net income was $16.95 billion. Revenue rose to $30 billion, up 122% from a year ago and 15% from the previous quarter. Nvidia has been buffeted by the chipmaking dominance that has cemented the company’s place as the poster child of the artificial intelligence boom.