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- Nvidia Reports Record Sales Despite Share Price Decline
Nvidia Reports Record Sales Despite Share Price Decline
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Nvidia has experienced a significant surge in demand for its semiconductors, with revenue more than doubling in the latest quarter compared to the same period last year. The company reported record revenues of $30 billion over a three-month period, exceeding analyst forecasts of $28.7 billion. This growth is attributed to the AI boom, with Nvidia being one of the major beneficiaries. However, some analysts were disappointed by the company's forecast of third-quarter sales of $32.5 billion, which fell short of their estimates of up to $37.9 billion.
A thousand use cases for AI is not enough. You need a million.
Markets expect them to be shattered and it's the scale of the beat today that looks to have disappointed a touch.
If you're going to raise expectations that high then you've got to keep growing at spectacular rates.
Nvidia
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- 2.US Economy
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- 4.China Claims in South China Sea
- 5.Political status of Taiwan
- 6.Artificial Intelligence
- 7.Datacenters
- 8.Semiconductor industry
