Nvidia shares soar after beating earnings forecast

www.bbc.com

Nvidia shares soar after beating earnings forecast

www.bbc.com

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Nvidia@lemmy.zipEnglish · 18 days ago

Nvidia shares rise after strong results ease 'AI bubble' concerns

www.bbc.com

The chip maker says revenue for the three months to October jumped 62% to $57bn.

The chip maker says revenue for the three months to October jumped 62% to $57bn.

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Nvidia Corporation is an American multinational corporation and technology company. It is a software and fabless company which designs and supplies graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing, as well as system on a chip units (SoCs) for the mobile computing and automotive market. Nvidia is also a dominant supplier of artificial intelligence (AI) hardware and software.

Nvidia’s professional line of GPUs are used for edge-to-cloud computing and in supercomputers and workstations for applications in such fields as architecture, engineering and construction, media and entertainment, automotive, scientific research, and manufacturing design. Its GeForce line of GPUs are aimed at the consumer market and are used in applications such as video editing, 3D rendering and PC gaming. The company expanded its presence in the gaming industry with the introduction of the Shield Portable (a handheld game console), Shield Tablet (a gaming tablet) and Shield TV (a digital media player), as well as its cloud gaming service GeForce Now.

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