Nvidia achieved record revenue, demand for AI chips does not wane

US chipmaker Nvidia recorded a 73% revenue growth to $68.1 billion, surpassing expectations. Net profit increased by 94%, driven by huge demand for AI technology.

26 Feb, 07:37 — 26 Feb, 07:37

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The GuardianMostly Factual49d ago

Nvidia fails to impress investors with blockbuster results, as AI adoption ‘skyrockets’ – business live

Rolling coverage of the latest economic and financial news Ipek Ozkardeskaya, senior analyst at Swissquote, says Nvidia announced “another spectacular set of results” last night: The company posted $68.1bn in revenue, 73% higher than the same period last year, with 90% of that coming from its data-center division. Net income almost doubled, and gross margin improved to 75% — all significantly better than analysts had expected. “Enterprise adoption of agents is skyrocketing. Our customers are ...

By Graeme Wearden

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