business / news / / The Economic Times
Nvidia (NVDA) stock surged more than 3.5% in premarket trading, jumping to $184.45.
Nvidia's quarterly revenue reached $68.13 billion, up 73.2% year over year.
KEY POINTS
- Data center revenue hit $62.31 billion, confirming Nvidia's dominance in AI infrastructure.
- Networking revenue surged 263% to $10.98 billion, highlighting Nvidia's expansion beyond chips.
- Nvidia's forward guidance projects $78 billion revenue despite China restrictions.
- Institutional ownership now exceeds 65%, indicating strong long-term investor confidence.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →