- Nvidia's May-July net income rose to $59.69 billion, or $2.46 per share, from $26.42 billion, or $1.08 per share, a year earlier.
- Adjusted EPS was $2.22, above the $2.09 consensus forecast.
- The results indicate that AI infrastructure spending remains strong, supported by surging demand for Nvidia's high-end AI chips.
Quotes
“Nvidia’s latest quarterly results once again blew past Wall Street’s expectations as revenue for the computer chip company’s high-end artificial intelligence chips soared, the latest sign that AI infrastructure spending remains strong.”