US semiconductor giant Nvidia once again exceeded expectations by a wide margin for the first quarter of its fiscal year, confirming that the momentum in generative artificial intelligence (AI) continues.
The Santa Clara (California) group obtained a net profit of US$ 14.9 billion, 628% above the profit for the same period of the previous year, according to a statement published on Wednesday.
The turnover of the company, a Wall Street star, was US$26 billion in the period considered.
Nvidia also announced a split of 10 of its shares that will take place on June 7, a decision that will make its title – which today trades close to US$ 1,000 – more accessible.
Shares of the maker rose 3% to nearly $980 a share in after-hours electronic trading on Wall Street.
Source: Gestion
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