Nvidia Earnings: Another Record Quarter For AI Leader [Forbes]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Forbes
delivering explosive financial growth as the clearest beneficiary of the artificial intelligence gold rush. Nvidia's centibillionaire CEO Jensen Huang speaks at a 2023 conference. AFP via Getty Images Key Facts Nvidia reported $0.81 adjusted earnings per share, or $19.3 billion net income, in the three-month period ending last month, topping average analyst projections of $0.75 EPS, or $17.4 billion net income, according to FactSet. The semiconductor chip architect generated $35.1 billion in sales, crushing estimates of $33.2 billion. Nvidia indicated growth will continue in the fourth quarter, guiding for about $37.5 billion in revenue, compared to consensus forecasts of $37.09 billion. Big Number More than 700%. That's how much higher Nvidia's sales in its AI-heavy datacenter segment were than they were in 2022's comparable period, growing from $3.8 billion to $30.8 billion. That exponential growth coincides with the generative AI boom, as Nvidia designs a majority o
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