Nvidia reports 88% jump in revenue and tops estimates, driven by demand for AI chips

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Nvidia reports 88% jump in revenue and tops estimates, driven by demand for AI chips www.cnbc.com/2023/08/23/nvidia-nvda-earnings-report-q2-2024.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

Nvidia reported second-quarter earnings that beat elevated expectations for earnings and revenue, and provided guidance for the current quarter that was significantly higher than expected.

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Shares rose 9% in extended trading.

Earnings: $2.70 a share, adjusted, versus $2.09 per share expected by Refinitiv. Revenue: $13.51 billion versus $11.22 billion expected by Refinitiv.

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Nvidia said it expected third-quarter revenue of about $16 billion, higher than $12.61 billion forecast by Refinitiv.

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