Summary

Nvidia reported record quarterly revenue of US$68.1 billion, driven by strong demand for its AI chips. The company’s data center division, which sells high-powered chips used to train and run AI models, was the main growth driver. Nvidia’s guidance for the current quarter, despite excluding data center revenue from China, exceeded Wall Street expectations.

https://www.straitstimes.com/business/companies-markets/nvidia-smashes-forecasts-with-record-quarter-as-ai-boom-rolls-on?ref=top-stories