Nvidia (NVDA) Q1 EPS 96 (93c expected) Revenue $44.1bn (exp 43.28bn)
The announcement was not without controversy, if it was a TV show it'd hit the top of the ratings!
There has been a MASSIVE error in the Nvidia Q1 earnings announcement - shock for marketsAnyway, the WSJ takes a bigger pic view:
Nvidia’s business is still booming—even with the company effectively shut out of one of the world’s largest markets for advanced artificial intelligence chips. Nvidia reported $44.06 billion in revenue for its fiscal first quarter, which accounted for the inability to ship $2.5 billion of chips to the Chinese market. Total revenue is up 69% from the $26.04 billion for the same period last year and slightly ahead of Wall Street’s consensus target of $43.34 billion in revenue for the April-ending quarter. More crucially, the company’s data-center business, which includes chips and other components used in AI computing systems, saw revenue surge 73% year-over-year to $39.1 billion. That was just below the $39.36 billion expected by analysts, according to FactSet estimates.The Journal is gated, here is the link if you can access it.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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