Nvidia shares rebounded in after-hours trading Wednesday after initially falling following the chipmaker's fiscal second-quarter earnings report.
The stock closed regular trading down 1.59% at $209.66 before recovering to about $217 after hours, roughly 3.5% above its closing price.
Nvidia's quarterly revenue more than doubled to $96.2 billion, exceeding the $92.27 billion average ******* yst estimate reported by the ******* ociated Press. Data Center revenue rose 117% to $89 billion, while adjusted earnings of $2.22 per share beat the $2.09 estimate. Gross margins held at 75%.
Nvidia founder and CEO Jensen Huang attributed the quarter's growth to accelerating demand for artificial intelligence infrastructure:
"AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue, and demand is accelerating," Huang said in a statement. "This time last year, one lab alone was driving the buildout; today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online—with strong momentum across the U.S. and around the world."
#estimate
The stock closed regular trading down 1.59% at $209.66 before recovering to about $217 after hours, roughly 3.5% above its closing price.
Nvidia's quarterly revenue more than doubled to $96.2 billion, exceeding the $92.27 billion average ******* yst estimate reported by the ******* ociated Press. Data Center revenue rose 117% to $89 billion, while adjusted earnings of $2.22 per share beat the $2.09 estimate. Gross margins held at 75%.
Nvidia founder and CEO Jensen Huang attributed the quarter's growth to accelerating demand for artificial intelligence infrastructure:
"AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue, and demand is accelerating," Huang said in a statement. "This time last year, one lab alone was driving the buildout; today, we have a golden age of new AI labs and startups, multiple frontier labs scaling in parallel, a thriving open-model ecosystem and physical AI coming online—with strong momentum across the U.S. and around the world."
#estimate
2 months ago
