Nvidia, the chipmaker at the center of the AI boom, has again given an upbeat sales forecast, indicating that spending on AI computing remains strong.
The company said in a statement Wednesday (May 22) that it expects fiscal second-quarter revenue of about US $28 billion (S $37.8 billion). Analysts on average expected $26.8 billion, according to data compiled by Bloomberg. Results for the fiscal first quarter ended in April also beat expectations.
The upbeat outlook solidifies Nvidia's position as the biggest beneficiary of AI spending. The company's chips, which help build chatbots and other cutting-edge tools in data centers, have become a hot commodity over the past two years, sending the company's sales soaring. Nvidia's market cap has also soared to more than $2.3 trillion.
Nvidia shares rose about 4% after hours. As of Wednesday's close, the stock was up 92 percent year to date.
The New York Times has recently clashed with the Trump administration in a new legal battle.
The New York Times has recently clashed with the Trump admi…
Trader Peter Brandt has sparked a new round of discussion i…
On July 17th, Taiwan's stock market experienced a historic …
OpenAI updated its compute expenditure expectation through …
In late July 2026, tensions between the United States and I…
The heatwave sweeping across the region, coupled with the e…
© Copyright 2026, All Rights Reserved
