Nvidia · Data Center · Jensen Huang · Decrypt
Nvidia Shares Surge in After-Hours Trading After Record $96.2 Billion Revenue
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Nvidia shares rebounded in after-hours trading Wednesday after initially falling following the chipmaker’s fiscal second-quarter earnings report.
Key facts
- Each generation of NVIDIA infrastructure deployed at PORTS-Pike could represent approximately 1.5 million NVIDIA GPUs, or approximately $150 billion to $200 billion in NVIDIA revenue,” she wrote
- Data Center revenue rose 117% to $89 billion, while adjusted earnings of $2.22 per share beat the $2.09 estimate
- The stock closed regular trading down 1.59% at $209.66 before recovering to about $217 after hours, roughly 3.5% above its closing price
- Nvidia’s quarterly revenue more than doubled to $96.2 billion, exceeding the $92.27 billion average analyst estimate reported by the Associated Press
Summary
Nvidia’s quarterly revenue rose 106% year over year to $96.2 billion. The stock closed regular trading down 1.59% at $209.66 before recovering to about $217 after hours, roughly 3.5% above its closing price. Nvidia’s quarterly revenue more than doubled to $96.2 billion, exceeding the $92.27 billion average analyst estimate reported by the Associated Press. Nvidia founder and CEO Jensen Huang attributed the quarter’s growth to accelerating demand for artificial intelligence infrastructure:.