Nvidia (NVDA.US), the leader in AI chips, announced after the market closed on Wednesday that its net profit for the 3FQ ended October 27 was US$19.309 billion, a jump of nearly 1.1 times YoY, on the ride of strong demand for AI, with adjusted EPS of US81 cents, which is ahead of the market estimate of US75 cents.
The company pointed out that there are certain supply hurdles for the new chips Hopper and Blackwell systems. The stock price once slid by more than 4% after the trading session, and the latest decline slowed to about 2%.
Colette Kress, the company's CFO, said in a statement that production shipments of Blackwell are scheduled to begin this quarter and will rise in 2025. The company also said its AI chip, H200, grew exponentially this quarter.
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AAStocks Financial News
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| Stock & Type |
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