Doubling of quarterly revenues fails to allay concerns about production delays to its next-generation of AI chips
Business live – latest updates
Shares in the chip designer Nvidia have fallen after investors were spooked by signs of slowing growth and production issues, despite the artificial intelligence company posting a 122% rise in second-quarter revenues compared with the same period last year.
The Silicon Valley company’s revenues for the period more than doubled to $30bn (£23bn), beating average analyst estimates of $28.7bn. However, investors were concerned about signs of a slowdown in growth, in particular around its next-generation AI chips, code-named Blackwell.
Doubling of quarterly revenues fails to allay concerns about production delays to its next-generation of AI chipsBusiness live – latest updatesShares in the chip designer Nvidia have fallen after investors were spooked by signs of slowing growth and production issues, despite the artificial intelligence company posting a 122% rise in second-quarter revenues compared with the same period last year.The Silicon Valley company’s revenues for the period more than doubled to $30bn (£23bn), beating average analyst estimates of $28.7bn. However, investors were concerned about signs of a slowdown in growth, in particular around its next-generation AI chips, code-named Blackwell. Continue reading…
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