Nvidia Surges on AI Boom as Earnings Beat and Memory Costs Rise
TL;DR Summary
Nvidia topped estimates with $96.2B in quarterly revenue and $2.22 EPS, issued Q3 guidance around $108B, and highlighted strong data-center demand; CFO noted memory costs have surged and supply will be tight through FY28. The company is expanding its financing network and AWS partnership, and Jensen Huang emphasized that both closed and open AI models will drive demand as Nvidia scales Rubin and its AI compute platform.
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- Nvidia’s earnings to test resurgent AI trade Yahoo Finance
- Nvidia Reports Blowout Quarter, Says Demand for AI Chips Is Getting Even Hotter WSJ
- Nvidia doubles its sales, but investors have their eye on the future CNN
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