The Digital Revolution Marches On As Nvidia Beats

Artificial intelligence, and all the capital spending that comes along with it, is here to stay. Nvidia reported today that its sales last quarter rose 78% y/y to $39.3 billion, and management’s revenue guidance of $43.0 billion (+/- 2%) for the current quarter was above the consensus estimate of $41.8 billion. Moreover, the company laid out plans to get its new Blackwell chips to market in size, easing worries that there might be delays in production or sales.

Nvidia's share price was up in afterhours trading after rising 3.7% during the day. We expect it to continue rising over the rest of this year after plateauing for the past six months (chart).