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Alfred Gray
@alfredgray · Aug 29

Nvidia sees strong financial growth thanks to demand for AI technology

- Significant revenue growth:

- The company's $NVDA revenue grew 122% on strong demand for data center chips, particularly for artificial intelligence.

- Beating earnings estimates:

- Earnings per share came in at 68 cents, beating estimates of 64 cents.

- Growth in the data center segment:

- Data center revenue grew 154% and accounted for 88% of total revenue, largely driven by AI processor sales.

- Share buybacks:

-$NVDA authorized an additional $50 billion in share repurchases, reflecting the company's confidence in future growth.

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Bill Combs @billcombs Sep 2

Solid results, but it's just not possible to always be perfect😂

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Alfred Gray @alfredgray Sep 3

You can't do that!:D It's shares.

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Ashraf Aboudar @ashraf_dd Aug 30

Nice beat, but not enough for investors. The outlook was also lower than its upper bound by year-end. That was the main reason for the decline. It simply took even better numbers to defend the current capitalization.

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