Nvidia Q2 revenue beats expectations in record-setting boost to AI sector
The company expects next quarter to be even better with improvement projected across nearly every vertical.
Nvidia’s earnings call did not disappoint as CFO Colette Kress announced Q2 earnings of $30 billion, beating its previous estimate by two billion dollars. This bullish signal could buoy the burgeoning artificial intelligence sector as markets reopen on Thursday Aug. 29.
Nvidia held its Q2 earnings call on Wednesday Aug. 28 in what investors and analysts have been treating as a sort of “Groundhog’s Day” for the artificial intelligence industry.
CFO Colette Kress’ announcement that the company posted a second quarter revenue of $30 billion should be enough to allay any worries over an artificial intelligence winter. These figures beat estimates by about seven percent. This continued the firm’s streak of record-breaking quarters and prompted a litany of positive responses across social media.
Go to Source
Author: Tristan Greene
