Nvidia Gets a Big Lift From AI Projects; Microsoft Buys a Game-Streaming Firm

Nvidia rises to new highs after beating estimates and issuing strong guidance If one needed fresh evidence that sales of server graphics cards for artificial intelligence/deep learning projects have become a big part of Nvidia’s (NVDA) growth story, the company provided it on Thursday afternoon. The GPU giant easily beat fiscal first-quarter estimates, with revenue rising 24% annually (improved from 13% in the fourth quarter) to $1.43 billion and adjusted EPS jumping to 53 cents from 34 cents a year ago. Nvidia also guided for second-quarter revenue $1.68 billion (plus or minus 2%), far above a consensus analyst estimate of $1.45 billion and implying 29% annual growth at the midpoint. Shares were up over 2% after hours to new highs; the fact Nvidia was already up 81% in 2016 going into earnings…


Link to Full Article: Nvidia Gets a Big Lift From AI Projects; Microsoft Buys a Game-Streaming Firm

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!