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.
Driven by the Trump administration's push to relax financial regulations and the recovery of investment banking business, the market value of the six major banks in the United States has cumulatively increased by approximately 600 billion US dollars by 2025.
Driven by the Trump administration's push to relax financia…
On Christmas evening, U.S. President Trump posted on social…
According to multiple foreign media reports, the recent fin…
The middle class, once regarded as the cornerstone of Ameri…
On December 19th local time, the US military launched a lar…
The Boxing Day sunshine should have cast a false glow of pr…
© Copyright 2025, All Rights Reserved
