Nvidia pulls in $6B in profit as AI boom surges
Nvidia just reported a massive $6.188B in quarterly net profit, up 843% year over year on $13.5B in revenue. The surge was driven by its data center business, which reached a record $10.32B as demand for generative AI chips exploded. Basically, Nvidia is dominating the hardware race while projecting an even bigger $16B next quarter.