Nvidia Posts $58.3 Billion Profit as A.I. Chip Demand Drives $91 Billion Sales Outlook
Updated
Updated · The New York Times · May 20
Nvidia Posts $58.3 Billion Profit as A.I. Chip Demand Drives $91 Billion Sales Outlook
28 articles · Updated · The New York Times · May 20
$58.3 billion in quarterly profit marked a 211% jump from a year earlier, extending Nvidia’s run of outsized earnings as A.I. spending across Silicon Valley keeps accelerating.
$81.6 billion in revenue—up 85%—also beat expectations, with Nvidia saying its main challenge is supplying enough chips for big A.I. infrastructure projects.
$91 billion in projected current-quarter sales topped Wall Street’s roughly $86 billion estimate, reinforcing Nvidia’s role as a bellwether for broader tech investment.
$3 trillion to $4 trillion in annual A.I. infrastructure spending by 2030, versus about $1 trillion today, is Nvidia’s latest sign that the boom still has room to grow.
Shares still slipped 1% in after-hours trading, even after results that again put Nvidia ahead of tech giants such as Apple on quarterly profit.
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