WebinarsNew
Explore Business Standard
Artificial intelligence chipmaker Nvidia's quarterly results surpassed Wall Street's expectations once again, fuelled by massive demand for its high-end AI chips. The company said Wednesday it earned USD 58.32 billion, or USD 2.39 per share, in the February-April period, up from USD 18.78 billion, or 76 cents per share, in the same period a year earlier. Excluding one-time items, Nvidia earned USD 1.76 per share. Revenue jumped 85 per cent to USD 81.62 billion from USD 44.01 billion. Analysts, on average, were expecting earnings of USD 1.75 per share and revenue of USD 78.91 billion, according to a poll by FactSet. Nvidia's results have exceeded the analyst projections that shape investors' perceptions since Nvidia's high-end chips emerged as AI's best building blocks three years ago. "The buildout of AI factories - the largest infrastructure expansion in human history - is accelerating at extraordinary speed," said CEO Jensen Huang in a statement. For the current quarter, Nvidia
: Artificial Intelligence is sparking the "largest infrastructure buildout in human history," requiring trillions of dollars in investment and creating massive demand for skilled blue-collar labour, NVIDIA Founder and CEO Jensen Huang has said. In a recent blog post, Huang argued AI has evolved past being a simple application or a single model, and must now be viewed as essential infrastructure akin to electricity and the internet. "We have only just begun this buildout. We are a few hundred billion dollars into it. Trillions of dollars of infrastructure still need to be built. Around the world, we are seeing chip factories, computer assembly plants and AI factories being constructed at unprecedented scale. This is becoming the largest infrastructure buildout in human history," Huang wrote. Huang conceptualised AI as a "five-layer cake" comprising energy, chips, infrastructure, models, and applications. He emphasised that energy forms the foundational layer and remains the "binding