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Nvidia smashed Q1 forecasts as data centres drive AI chip boom
(Sharecast News) - Computer chip giant Nvidia smashed first-quarter earnings and revenue expectations powered by continuing demand from artificial intelligence data centres.
Revenue came in at $81.62bn for the quarter, beating expectations of $78.86bn. Earnings also exceeded Wall Street forecasts of $1.76 per share with a reported figure of $1.87 per share.
Data centre revenue grew 92% to a record $75.2bn.
Reporting by Frank Prenesti for Sharecast.com
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