Nvidia forecasts quarterly revenue above estimates
Data-center revenue more than doubled as Nvidia said demand for AI chips remains strong, while operating expenses rose 55%, the company said.
- On Wednesday, Nvidia forecast $108 billion in quarterly revenue, beating Wall Street estimates, yet shares fell 1.2% in extended trading as investors remained skeptical about long-term AI market dominance.
- Growing competition from central processors and custom chips by rivals Intel and AMD, coupled with Big Tech customers like Microsoft and Meta investing in in-house chip efforts, has undermined investor confidence.
- Big Tech companies reinforced expectations to spend more than $730 billion on AI infrastructure this year, up significantly from last year's 400 billion outlay, while Nvidia expects a gross margin of roughly 74%.
- Scrutiny has mounted of Nvidia's role in the AI financing ecosystem after it agreed to guarantee deals aimed at raising more than $500 billion, while the company unveiled a Vera Rubin platform using Groq technology in March.
- Despite projecting a revenue opportunity exceeding $1 trillion through 2027, Nvidia has gained just 14.2% so far this year as of Tuesday's close, while AMD and Intel have more than doubled.
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Strong AI chip demand fuels Nvidia’s Q2 results well beyond Wall Street’s expectations - WXXV News 25
By ALEX VEIGA Nvidia’s latest quarterly results once again blew past Wall Street’s expectations as revenue for the computer chip company’s high-end artificial intelligence chips soared, the latest sign that AI infrastructure spending remains strong. The company reported on Wednesday net income of $59.69 billion, or $2.46 per share, for the May-July period. That compares to net income of $26.42 billion, or $1.08 per share, in the same quarter l…
Nvidia posts another record quarter, predicts explosive AI-driven growth will last through 2028
According to Nvidia's official filing with the SEC, quarterly revenue for the three-month period ending in July 2026 reached $96.22 billion, beating the $91.90 billion expected by Wall Street. Net income more than doubled to $53.95 billion, up from $24.76 billion in the previous quarter. Adjusted earnings came in at...Read Entire Article
Growth in the AI industry continues unchanged.
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