Trending: Nvidia 1Q Sales Triple
10:24 ET -- Nvidia is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Nvidia reported that sales more than tripled in its latest quarter and gave a sales forecast that signaled the AI boom that lifted the chip maker above a $2 trillion valuation is still going strong. Revenue rose to $26 billion for the quarter, the company said. Net profit was $14.88 billion, up from $2 billion a year before. The sales and profit were ahead of Wall Street estimates in a FactSet survey. The company's outlook of around $28 billion in sales for its current fiscal quarter was also higher than anticipated. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
May 23, 2024 10:39 ET (14:39 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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