NVIDIA IS WALL STREET'S 2ND-MOST VALUABLE COMPANY.HOW IT KEEPS BEATING EXPECTATIONS, BY THE NUMBERS
Techlife News|Techlife News #670
Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than impressed.
NVIDIA IS WALL STREET'S 2ND-MOST VALUABLE COMPANY.HOW IT KEEPS BEATING EXPECTATIONS, BY THE NUMBERS

The company reported a net income of to $16.6 billion. Adjusted for one-time items, net income was $16.95 billion. Revenue rose to $30 billion, up 122% from a year ago and 15% from the previous quarter.

By comparison, S&P 500 companies overall are expected to deliver just 5% growth in revenue for the quarter, according to FactSet.

However, Nvidia shares slipped nearly 4% in afterhours trading.

Nvidia has led the artificial intelligence sector to become one of the stock market’s biggest companies, as tech giants continue to spend heavily on the company’s chips and data centers needed to train and operate their AI systems.

The company reported second-quarter adjusted earnings per share of 68 cents per share, up from 27 cents a year ago.

Demand for generative AI products that can compose documents, make images and serve as personal assistants has fueled sales of Nvidia’s specialized chips over the last year. In June, Nvidia briefly rose to become the most valuable company in the S&P 500. The company is now worth over $3 trillion.

Esta historia es de la edición Techlife News #670 de Techlife News.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición Techlife News #670 de Techlife News.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE TECHLIFE NEWSVer todo
AUSTRALIA PLANS TO TAX DIGITAL PLATFORMS THAT DON'T PAY FOR NEWS
Techlife News

AUSTRALIA PLANS TO TAX DIGITAL PLATFORMS THAT DON'T PAY FOR NEWS

The Australian government said it will tax large digital platforms and search engines unless they agree to share revenue with Australian news media organizations.

time-read
2 minutos  |
December 21, 2024
JAPAN'S NISSAN RESHUFFLES MANAGEMENT TO FIX ITS MONEY-LOSING BUSINESS
Techlife News

JAPAN'S NISSAN RESHUFFLES MANAGEMENT TO FIX ITS MONEY-LOSING BUSINESS

Embattled Japanese automaker Nissan has tapped Jeremie Papin, who was overseeing its U.S. operations, as its chief financial officer in a major management reshuffle billed as key to a turnaround.

time-read
2 minutos  |
December 21, 2024
EPA AWARDS $135 MILLION TO CALIFORNIA TO PHASE OUT BIG DIESEL TRUCKS
Techlife News

EPA AWARDS $135 MILLION TO CALIFORNIA TO PHASE OUT BIG DIESEL TRUCKS

The Environmental Protection Agency is awarding $135 million in grants to fund 13 projects in California to help the state wean off fossil fuels and phase out big rigs that run on diesel.

time-read
1 min  |
December 21, 2024
NEARLY HALF OF US TEENS ARE ONLINE 'CONSTANTLY,' PEW REPORT FINDS
Techlife News

NEARLY HALF OF US TEENS ARE ONLINE 'CONSTANTLY,' PEW REPORT FINDS

Nearly half of American teenagers say they are online “constantly” despite concerns about the effects of social media and smartphones on their mental health, according to a new report published by the Pew Research Center.

time-read
1 min  |
December 21, 2024
OPENAI'S LEGAL BATTLE WITH ELON MUSK REVEALS INTERNAL TURMOIL OVER AVOIDING AI 'DICTATORSHIP'
Techlife News

OPENAI'S LEGAL BATTLE WITH ELON MUSK REVEALS INTERNAL TURMOIL OVER AVOIDING AI 'DICTATORSHIP'

A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence “dictatorship” is now heading to a federal judge as Musk seeks to halt the ChatGPT maker’s ongoing shift into a for-profit company.

time-read
3 minutos  |
December 21, 2024
TECH TIP: HOW TO PROTECT YOUR COMMUNICATIONS THROUGH ENCRYPTION
Techlife News

TECH TIP: HOW TO PROTECT YOUR COMMUNICATIONS THROUGH ENCRYPTION

After a sprawling hacking campaign exposed the communications of an unknown number of Americans, U.S. cybersecurity officials are advising people to use encryption in their communications.

time-read
3 minutos  |
December 21, 2024
TRUMP HOSTS APPLE CEO AT MAR-A-LAGO AS BIG TECH LEADERS CONTINUE OUTREACH TO PRESIDENT-ELECT
Techlife News

TRUMP HOSTS APPLE CEO AT MAR-A-LAGO AS BIG TECH LEADERS CONTINUE OUTREACH TO PRESIDENT-ELECT

Donald Trump hosted Apple CEO Tim Cook for a Friday evening dinner at the president-elect's Mar-a-Lago resort, according to a person familiar with the matter who was not authorized to comment publicly.

time-read
2 minutos  |
December 21, 2024
MUSK SAYS US IS DEMANDING HE PAY PENALTY OVER DISCLOSURES OF HIS TWITTER STOCK PURCHASES
Techlife News

MUSK SAYS US IS DEMANDING HE PAY PENALTY OVER DISCLOSURES OF HIS TWITTER STOCK PURCHASES

Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed or failed to disclose - about his purchases of Twitter stock before he bought the social media platform in 2022.

time-read
2 minutos  |
December 21, 2024
ELON MUSK WANTS TO TURN SPACEX'S STARBASE SITE INTO A TEXAS CITY
Techlife News

ELON MUSK WANTS TO TURN SPACEX'S STARBASE SITE INTO A TEXAS CITY

SpaceX is launching a new mission: making its Starbase site a new Texas city.

time-read
1 min  |
December 21, 2024
OPENAI RELEASES AI VIDEO GENERATOR SORA BUT LIMITS HOW IT DEPICTS PEOPLE
Techlife News

OPENAI RELEASES AI VIDEO GENERATOR SORA BUT LIMITS HOW IT DEPICTS PEOPLE

OpenAl has publicly released its new artificial intelligence video generator Sora but the company won't let most users depict people as it monitors for patterns of misuse.

time-read
1 min  |
December 21, 2024