Nvidia's AI Chips Soar, Blackwell in Production

Nvidias shares surged by over seven percent in after-hours trading following their fiscal first-quarter earnings report, which exceeded expectations and forecasted robust growth. The companys revenue hit twenty-six point zero four billion dollars, with data center revenue, including AI chips, soaring by four hundred and twenty-seven percent year-over-year. Nvidias CEO, Jensen Huang, highlighted the increasing demand for AI technology, and the company announced the full production of their next-generation AI chip, Blackwell, set to ship in the third quarter. Despite analyst warnings, Nvidias earnings report suggests sustained growth due to strong demand for their AI chips.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.