( ) -q-24- UNDATED (Correspondent Jeremy House) “a year earlier.” Nvidia posted stronger-than-expected results for its latest quarter, more than tripling its revenue from a year earlier. [CutID: <Cuts> NVIDIA-PROFIT-house-q-THUam.mp3 Time: 24s Title: NVIDIA-PROFIT-house-q-THUam Out-cue: a year earlier] TAG: Correspondent Jeremy House reporting. The company, based in Santa Clara, California, earned $12.29 billion, up from […]
Audio
Nvidia’s 4Q revenue, profit soar thanks to demand for its chips used for AI
( ) -q-24- UNDATED (Correspondent Jeremy House) “a year earlier.”
Nvidia posted stronger-than-expected results for its latest quarter, more than tripling its revenue from a year earlier.
[CutID: <Cuts> NVIDIA-PROFIT-house-q-THUam.mp3
Time: 24s
Title: NVIDIA-PROFIT-house-q-THUam
Out-cue: a year earlier]
TAG: Correspondent Jeremy House reporting. The company, based in Santa Clara, California, earned $12.29 billion, up from its year-ago profit of $1.41 billion.
——————————-
VERBATIM: The positive results were due to soaring demand for Nvidia’s graphics chips used for artificial intelligence. The company has seen its value skyrocket over the past year, joining an exclusive list of businesses with a market value over $1 trillion. Nvidia’s revenue for its fiscal fourth quarter was $22.1 billion, up from $6.05 billion a year earlier.