FINANCE
By Aviion Business
Nvidia attributes its stellar results to unprecedented demand for microchips (GPUs) driving AI applications. Sales surge by 265% YoY, propelling the company's stock up by 14% in premarket trading.
Nvidia's Data Centre business shines, with a 409% YoY increase, reaching $18.40 billion U.S. However, growth could have been higher if not for U.S. restrictions on exporting AI technology to China.
Nvidia's gaming business, inclusive of graphics cards for PCs and laptops, sees a 56% YoY increase, reaching $2.87 billion U.S. AI microchips now drive the company, surpassing its traditional gaming focus.
Nvidia projects Q1 sales of $24 billion U.S., surpassing analyst predictions of $22.17 billion U.S. The company remains a powerhouse in AI, with its stock having surged 225% over the past 12 months.
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