They also sharply raised the interest in what Nvidia might say the next time about chip demand for its current quarter, which ends in October.
Nvidia projected third-quarter sales of $16 billion, nearly triple the level a year ago and $3.7 billion more than analysts’ average expectations of around $12.3 billion.
Other tech companies like Google and Microsoft are spending billions and making little on A.I., but Nvidia is cashing in.
Jensen Huang, Nvidia’s chief executive, said major cloud services and other companies were investing to bring Nvidia’s A.I.
Until recently, Nvidia got the biggest share of its revenue from sales of GPUs for rendering images in video games.
Persons:
Jensen Huang, Nvidia’s, ”
Organizations:
Nvidia, Google, Microsoft