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Euronews
Euronews
Doloresz Katanich

Nvidia beats expectations again as AI boom drives revenue surge, but shares slip

Artificial intelligence chipmaker Nvidia's quarterly results once again beat Wall Street expectations, driven by strong demand for its high-end AI chips.

The company said on Wednesday it reported a net income of $58.32bn (€53.7bn) or $2.39 per share in the February-April period, up from $18.78bn (€17.3bn) or 76 cents per share in the same period a year earlier. Excluding one-time items, Nvidia earned $1.87 per share.

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