Nvidia tops estimates as AI chip demand shows no sign of slowing
Nvidia beat revenue and earnings estimates, with data center sales climbing on continued AI infrastructure spending.
Nvidia posted quarterly revenue of $35.1 billion, comfortably ahead of the $33.2 billion analyst consensus. Data-centre segment sales jumped 112% year-on-year to $30.8 billion.
Demand for AI infrastructure remains robust; CEO Jensen Huang said demand for the new Blackwell chips is currently exceeding supply. Shares rose 4% in after-hours trading following the release.
Guidance for next quarter came in at $37.5 billion, above the Street's estimates. Semiconductor peers AMD and Marvell also traded higher on the read-across.
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