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Nvidia effect on the stock markets. Piazza Affari new records with the banks

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Nvidia effect on the stock markets.  Piazza Affari new records with the banks

The chipmaker ended the November 2023-January 2024 period with adjusted earnings of $5.16 per share, the consensus was $4.59. Revenue of 22.1 billion dollars, approximately two billion above analysts’ estimates. The current quarter should close with a turnover of 24 billion dollars, expectations were 22.2 billion dollars. The most notable elements of the performance are in the division of chip per i data center. Sales reached $18.4 billion, up 409% year-on-year. In the year-ago quarter, revenue for that segment was just $3.6 billion. “Accelerated computing and generative artificial intelligence have reached the tipping point. Demand is increasing across businesses, industries and nations around the world,” CEO Jensen Huang said in the company press release.

Nvidia explained that the growth is due to increased shipments of Nvidia Hopper GPUs used for training and inference of large AI models and generative AI applications. Large cloud computing providers accounted for more than half of data center revenue for the quarter. The stock gained 9% after the stock market.

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