Nvidia, a leading US tech firm, has reported a doubling in quarterly revenue, surpassing expectations due to the growing demand for AI technology. The company's stock price surged and it announced a $25 billion share buyback. Nvidia's success is attributed to its data center business and generative AI technologies, which have gained traction across various industries. Despite challenges in meeting GPU demand, Nvidia remains optimistic about future growth driven by AI technology. The company's strong performance has also had a positive impact on other tech stocks and AI-related companies.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
