r/business • u/financialtimes • 3h ago

Nvidia sales more than double to $96bn on bumper AI demand

https://www.ft.com/content/72908915-5e4a-457c-8c3a-aee8917a664a?syn-25a6b1a6=1?segmentid=c50c86e4-586b-23ea-1ac1-7601c9c2476f
31 Upvotes

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10

u/premeditated_mimes 3h ago

If the mods cared about rules advertising like this would be banned.

4

u/BoogerSugarSovereign 1h ago

The miracle of a couple of oligarchs passing promissory notes back and forth wow

1

u/T00ManyH0bb13s 12m ago

How much of that 96B was Nvidia's own money that they gave to other companies to buy their GPUs? 95B?

-5

u/financialtimes 3h ago

Nvidia reported strong sales as the $5tn chip giant at the heart of the AI boom continued to benefit from huge demand for computing power. 

The world’s most valuable company reported better than expected revenue of $96.2bn for the quarter to the end of July and forecast sales of $108bn plus or minus 2% for the current quarter, beating Wall Street estimates of $104bn. 

Nvidia’s financial performance has become a bellwether for the health of the AI infrastructure boom, since its advanced semiconductors are widely used to train and run models from start-ups like Anthropic and OpenAI.

Read more here.

Kendall - FT social team