US chip manufacturer Nvidia has reported higher-than-expected revenue of $30 billion and profit of $16.5 billion, driven by the boom in artificial intelligence (AI). However, investors are concerned about the potential normalization of Nvidia's growth and its delay in rolling out its Blackwell chips.
While the company's chips are primarily known for gaming computers, they are also utilized in various AI applications. Nvidia's strong earnings reflect the increasing demand for AI technology.
Despite the stock declining by around 3% in after-hours trading, the company's CEO remains optimistic about the long-term potential for growth in the AI industry. Nvidia's Q3 revenue forecast of $32.5 billion, representing 80% year-on-year growth, is in line with market expectations.
The company's robust earnings and outlook show that it is well-positioned to capitalize on the continued growth of AI and maintain its leadership in the market. However, some analysts have raised concerns about the delay in Blackwell chip production and the potential impact on near-term performance.
Overall, Nvidia's strong quarterly results highlight the significant role it plays in the AI industry and its potential for future success.
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